Sentiment: Bearish
  • Government security prices tumbled as the cut-off yield of 5.81 per cent on the 15-year debt, auctioned yesterday, topped market expectations.
  • Prices of long-term papers dived by 20 paise and those of medium-term securities sank by 10-15 paise.
  • The yield on the benchmark 10-year paper closed at 5.25 per cent compared with 5.23 on Wednesday.
  • Call money rates ended flat at 4.25-4.50 per cent.
  • Susbcriptions at the repo window stood at Rs 35,000 crore.
 
Forex market
 
Sentiment: Bullish
  • The rupee opened at 45.25/26 per dollar and closed at 45.23/24.
  • Forward dollars went up following sell-buy swaps by the RBI. Annualised premiums on six-month and one-year dollars closed at 0.58 per cent and 0.60 per cent respectively.
 
Outlook The rupee is expected to open between 45.24 and 45.27 per dollar.
 
 

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First Published: Feb 27 2004 | 12:00 AM IST

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