Market Reports

Money market

Sentiment: Rangebound

Prices of gilts remained rangebound across maturities.

The benchmark 9.81 per cent, 2013 stock closed at Rs 130.56 and the 7.40 per cent, 2012 bond ended the day Rs 111.64/66.

The actively traded 8.07 per cent, 2017 gilt was quoted at Rs 119.58/60 and the 6.25 per cent, 2018 paper edged up to Rs 103.22/24.

Call rates stayed in the range of 4.75-5 per cent, with repo subscriptions at Rs 29,030 crore.

Forex market

Market Sentiment: Volatile

Aggressive intervention by the RBI pushed the rupee down from an intra-day high of 46.03 to 46.14 at close on Tuesday. It opened the day at 46.05.

The six-month forward premium closed at 2.40 per cent on cautious importer covering.

Outlook

The spot rupee is expected to open at 46.14/15 against the US dollar today.