| |
Sentiment: Bullish
- Bonds turned positive over hopes of liquidity overhang in the system following the relaxation of forex norms.
- While prices of long term bonds went up by 15-20 paise, medium term did not react much.
- Call rates went up very high at around 6.5 per cent owing to reporting Friday mismatches.
- Repo subscriptions touched Rs 29,000 crore.
- The 10-year benchmark paper touched 5.12 per cent.
|
| |
| Forex market |
| |
Sentiment: Bullish
- The spot rupee after opening at 45.52/53 to a dollar closed at a high of 45. 43/44.
- Forward dollars did not move up much except for some corporate covering during the early part of the day. Six month and one year closed at 0.06 per cent and 0.20 per cent respectively.
|
| |
| Outlook The spot rupee will open in the range of 45. 50/60 to a dollar on Monday. |
| |
|
| |
