Money market |
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Sentiment: Dull
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| Prices of gilts across maturities fell by 5 paise with inflation moving up from 5.21 per cent in the week before last to 5.32 per cent last week. |
| There was surplus liquidity with repo subscriptions hovering at Rs 43,000 crore and call rates ranging between 4.75 per cent and 5 per cent. |
| The 10-yr benchmark 9.81 per cent 2013 security closed higher at 5.73 per cent. |
| Players expect the cut-off yields at the twin auctions today to be market related. |
| They see the 6.35 per cent 2020 being cleared at a cut-off below 6 per cent. |
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Forex market |
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Market Sentiment: Bullish on rupee
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| Spot rupee touched a new high of 46.01/$ after opening at 46.06 and closing at 46.05 on FII inflows and heavy dollar selling by exporters. |
| The three-month, six-month and one-year premiums softened to 2.80 per cent, 2.35 per cent and 2.25 per cent, respectively. |
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Outlook |
The spot rupee is expected to open at 46.0450/0550 per dollar on Tuesday. |
