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Sentiment: Bullish - The government securities market remained volatile for most part of the day following RBI governor's comments on inflation an interest rates.
- Prices of gilts recovered by 10-20 paise across the board.
- The yield on the ten-year benchmark gilt closed at 5.28 per cent.
- Call money rates closed at 4.30-35 per cent.
- Repo subscriptions stood at Rs 37,000 crore.
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| Forex market |
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Sentiment: Bearish - The rupee opened at 45.24/25 per dollar and dipped to 45. 2625 before closing at 45.2550.
- Forward premiums maginally recovered. Annualised premiums of both six-month and one-year dollars closed at 0.45 per cent.
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