Markets Report

Money market

Sentiment: Bullish

Backed by liquidity, the government securities market recorded its highest-ever turnover of Rs 10, 471 crore on Friday.

Prices across the board went up by 20-25 paise.

Call ranged around 4.9 per cent due to reporting Friday with repo subscriptions at around Rs 28,000 crore.

Corporate bonds also rallied tracking the government securities, however recorded only Rs 250 crore worth turnover.

Forex market

Market Sentiment: Bullish

Spot rupee opened at 46.15/16 and reached a low of 46.1150 before closing at 46.13/14 to a dollar.

Premiums remained range-bound with the six-month and one-year forwards ruling at 2.05 per cent and 2 per cent, respectively.

Outlook

Spot rupee is expected to open in the range of 46.09/15 per dollar on Monday.