Money market |
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Sentiment: Bullish
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| Gilts remained rangebound with long term papers moving up 4-5 paise. Not much activity was witnessed in short and medium tenor papers. |
| Call rates tightened to around 5.10 per cent as participants covered much more CRR fearing liquidity crunch. |
| The 10-year benchmark paper 9.81 per cent 2013 closed flat at 5.33 per cent. |
| RBI rejected 50 per cent of the bids received in repos to make liquidity comfortable and accepted around Rs 8,000 crore. |
| Buying came up in small quantity from banks at the end of the day. |
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Forex market |
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Market Sentiment: Bullish
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| Heavy dollar demand from banks to cover short positions saw the rupee close at 45.79/80 to a dollar. |
| Forwards firmed up slightly with six-month premium closing at 1.03 per cent per cent. |
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Outlook |
The spot rupee is expected to open today at 45.76-77 to a dollar. |
