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| Sentiment: Cautious |
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- Yields on gilts stayed within narrow ranges in lacklustre trade on Wednesday as traders sat on the fence because of inflation concerns.
- RBI governor Y V Reddy's comments playing down inflation & the Fitch upgrade did not impress the participants.
- The benchmark 10-year 7.37 per cent gilt was dealt at 5.1415 per cent compared with 5.1419 per cent on Tuesday.
- The 8.07 per cent 2027 bond was dealt at 5.4953 per cent against 5.4928 per cent on Tuesday.
- With investors sitting tight, it is becoming very difficult for traders to support the market.
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| Forex market |
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| Sentiment: Dull |
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- The rupee surrendered intra-day gains to end steady at 45.3975/4075 per dollar on Wednesday following sizeable corporate dollar purchases, traders said.
- Forward premiums came off lows as banks swapped dollars for higher yielding rupees; the six-month premium rebounded to 0.77%.
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| Outlook The Indian unit may slip a touch if month-end corporate demand continues on Thursday. |
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