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| Sentiment: Neutral |
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- Lower fiscal deficit projection, reduced government borrowing target for the first quarter of the new fiscal and inflation rate forecast of 4-4.5 per cent improved the government securities market sentiment.
- Prices of long-term papers rose by 40-50 paise, while those of medium-term securities went up by 20-30 paise.
- The yield on the benchmark ten-year paper closed at around 5.18-19 per cent.
- Call money rates ended at 4.30-35 per cent.
- Repo subscriptions were around Rs 40,000 crore.
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| Forex market |
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| Sentiment: Bullish |
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- The rupee opened at 45. 2850 per dollar and closed a bit lower at 45. 2950 before dipping to 45.32 amid dollar buying by the central bank.
- Exporter sales and profit booking sent the forward premiums down. The annualised premiums on six-month and one-year dollars closed at 0.81 per cent and 0.73 per cent respectively.
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| OUTLOOK The rupee is expected to open between 45. 27 and 45.33 per dollar. |
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