Money market |
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Market Sentiment: Bullish |
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| Prices of long-term gilts have gone up by 5-7 paise as open market operations (OMO) were discounted . |
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| Towards the end of the day, OMO of Rs 12,000 crore was announced by the RBI. |
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| The 10-year benchmark 9.81 per cent 2013 closed at 5.5250 per cent. |
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| Call rates hovered around 4.75 per cent and repo subscriptions touched Rs 20,000 crore. |
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| Less liquid corporate bonds found the flavour for good yield differentials. |
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Forex market |
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Market Sentiment: Bullish |
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| The spot rupee opened and closed at 45.89/90 after reaching an intra-day high of 45.95 to a dollar followed by heavy buying by state-run banks. |
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| Forward premiums were stable with six-month and one-year premiums closing at 2.05 per cent and 1.88 per cent. |
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Outlook |
The rupee is expected to open at 45.85/90 to a dollar. |
