Markets Report

Money market

Sentiment: Bullish

• Government securities prices were on a roll due to ample liquidity.
• Prices of long-term papers soared by 10 paise and those of medium-term securities went up by 5-7 paise.
• The yield on the ten-year benchmark paper hovered around 5.23 per cent.
• Call money rates remained soft.
• Subscriptions at the repo window stood at Rs 55,000 crore.

Forex market

Sentiment: Bullish

• The rupee opened at 45.28/29 per dollar and closed higher at 45.24/2450.
• Forward premiums remained stable. Annualised premiums on six-month and one-year dollars closed at 0.36 per cent and 0.43 per cent respectively.

Outlook The rupee is expected to open between 45.23 and 45.25 against the dollar on Tuesday.