Money market |
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Sentiment: Very positive
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| Yields on government securities crashed as Rakesh Mohan, the RBI deputy governor, said he was comfortable with appreciation in the rupee. |
| Trading was done only for T+1 settlement period. |
| There was good price differential among medium- and long-term papers with prices moving up by 30-40 paise. |
| The price of 9.81 per cent 2013, the benchmark paper, went up with the yield levelling at 5.82 per cent. |
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Forex market |
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Market Sentiment: Bullish on rupee
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| The market was volatile following thin trading because of public sector bank strike. The rupee closed at 46.8500/8600 against the dollar after touching an intraday high of 46.7550. Forward premiums declined further. |
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Outlook: The rupee is expected to trade in the range of 46.75/85 against the greenback. Forward premiums may dip further. |
