Markets Report

Money market

Sentiment: Flat

• Prices of government securites ended marginally higher amid thin trading.
• The yield on the benchmark 10-year paper, 7.27 per cent 2013, dipped to 5.21 per cent.
• Call money rates ended lower at 4.20-4.40 per cent.
• Subscriptions to the one-day repo auction stood at Rs 27,775 crore.
• Yields on corporate bonds eased after the RBI clarified rules for banks' investments in debt mutual funds.

Forex market

Market Sentiment: Bearish

• The rupee reversed its 10-day rise to close weaker at 45.54/55 per dollar on heavy dollar buying public sector banks.
• Premiums on forward dollars ended flat. The annualised six-month foward premium ended lower at 0.04 percent.

Outlook The rupee is likely to open around 45.55 per dollar on Friday.