Market Reports

Money market

Sentiment: Positive

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.

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.

The secondary market for securities was flat in narrow two-way trade, with government bonds ending with small changes, mostly on the downside.

Forex market

Market Sentiment: Positive

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.