Money market |
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Sentiment: Bullish |
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| Prices of gilts rose, albeit slightly, on expectations of a Fed rate cut. |
| Medium to long tenor papers witnessed a price rally of 5-10 paise. |
| The benchmark 9.81 per cent 2013 paper closed at 5.70 per cent. |
| Fears of an open market operation by the Reserve Bank of India and anxiety over the US Federal Reserve |