Markets Report

Money market

Sentiment: Moderate

Gilts opened on a bullish note but prices fell following the repo subscription.

While the one-day repo subscription was for around Rs 20,000 crore, the 14-day repo was only for Rs 1,195 crore.

Long tenor gilts prices moved up by 10-15 paise but shed the gains during the day.

The 10-year benchmark paper 9.81 per cent 2013 closed around 5.33 per cent.

Call rates ruled a bit high at 4.65 per cent following liquidity mismatches.

Forex market

Market Sentiment: Bullish

The spot rupee hit the day