Market Reports

Money market

Sentiment: Good

Yields on gilts came off by about 4 basis points as traders started taking positions after three days of rangebound trading. In price terms, they gained 20-40 paise.

Corporate bonds yields softened by about 8 basis points.

Call money rates hovered around the repo rate.

At the one-day repo auction, the RBI accepted all the 33 bids, aggregating Rs 21,735 crore.

Forex market

Market Sentiment: Bullish on rupee

The rupee hit a fresh 20-month closing high of 47.2400/2425 due to strong dollar inflows and the greenback