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Sentiment: Bearish
- Government security prices took a beating on auction announcement and thin trading.
- Prices of long-term securities sank by 10 paise.
- Medium-term gilts saw their bid-ask spreads widen.
- The yield on the ten-year benchmark, 7.37 per cent 2014, closed at 5.27 per cent.
- Call money rates ended at 4.25-30 per cent.
- Repo susbcriptions stood at a whopping Rs 45,500 crore.
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| Forex market |
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Sentiment: Bullish
- The rupee opened at 45.2930 per dollar and closed at 45. 2835/2950 after moving in a narrow range.
- Forward dollars remained firm. Annualised premiums on six-month and one-year forward dollars closed at 0.4 per cent and 0.5 per cent respectively.
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| Outlook The rupee is expected to open between 45.27 and 45.30 per dollar. |
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