Money market |
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Sentiment: Positive |
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| Call rates ended at 4.50-4.75 per cent, below the repo rate of five per cent, following adequate liquidity in the banking system. Rates were at 4.00-4.25 per cent on Monday. |
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| There was last minute demand to cover reserve products amidst a slight strain in liquidity owing to the Rs 7,000 crore outflows to the twin-bond auctions. |
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| The secondary market for securities was flat in narrow two-way trade, with government bonds ending with small changes, mostly on the downside. |
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Forex market |
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Market Sentiment: Positive |
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| Bunched Sustained heavy corporate and trade inflows drove the rupee to a 20-month high. It closed at Rs 47.2650/2700 per dollar. Forward premiums fell on heavy receiving interest. |
