Markets Report

Money market

Sentiment: Bullish

Prices of long tenor gilts went up by 15-20 paise on the back of fresh buying demand.

The 10-year benchmark 9.81 per cent 2013 closed at 5.54 per cent.

Call rates were around 5 per cent with demand coming from players for reporting Friday, while repo subscription was Rs 19,860 crore.

Corporate bonds saw mixed trading with yields going up with good supply of papers.

Forex market

Market Sentiment: Bullish

The rupee closed lower at 46.23 on aggressive intervention on the part of the RBI.

The 1-month forward premium closed at 3.48 per cent, while the six and one-year premiums ended ranged at 2.08 per cent and 2.05 per cent.

Outlook

The rupee is expected to open on Monday at 46.02-03 to a dollar.