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Sentiment: Bullish
- While the undertone in the government securities market was bullish, players were cautious about the debut of the seven-day repo.
- Prices of long-term securities moved up by 10-15 paise and those of medium- and short-term papers remained flat.
- The yield on the ten-year benchmark gilt closed at 5.16 per cent.
- Call money rates remained soft.
- Subscriptions to two-day and seven-day repo came up to Rs 48,135 crore.
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| Forex market |
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Sentiment: Bullish
- The rupee closed at a fresh four-year high of 44.07 per dollar after opening at 44.40/42.
- Premiums on dollar forwards inched on exporter cancellations. Annualised premiums on six-month and one-year dollars closed at 0.90 per cent and 0.75 per cent respectively.
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| Outlook The rupee is expected to open between 44.05 and 44.08 against the greenback on Tuesday. |
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