Market Reports

Money market

Sentiment: Positive

Yields on government securities came off on reports that the on-tap sale of state development loans received good interest.

The yield on the benchmark 9.81 per cent 2013 government paper, which on Saturday finished at 5.9206 per cent, eased to close at 5.9131 per cent after touching 5.9244 per cent in afternoon trades.

Call money rates was dealt around the repo rate of five per cent.

Forex market

Market Sentiment: Bullish on rupee

The rupee ended at a new 20-month closing high of 47.1700/1750 against the dollar on the back of an all-round selling by exporters. Forward premiums softened on interbank receiving.

Outlook: The rupee is expected to hover between 47.15 and 47.18 against the dollar.