Money market |
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Sentiment: Bearish
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| Gilts remained rangebound. Long tenor papers fell by almost 10-15 paise. |
| The 10-year benchmark paper 9.81 per cent 2013 closed around 5.28 per cent. |
| Call rates hovered around 4.5 per cent and almost Rs 38,000 crore was accepted in repos. |
| The OMO was cleared at a cut off yield of 5.80 per cent against a market yield of 5.78-79 per cent, the state government papers got subscribed at 50 basis point spread to the 10-year benchmark yeild of 5.28 per cent. |
| Corporate bond papers remained flat today. |
| Market expects fresh buying to surface in a few days. |
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Forex market |
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Market Sentiment: Moderate
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| The spot rupee closed at 45.83/84 after reaching lows of 45.85. |
| Forward premiums went up sharply. While six-month closed at 1.35 per cent, one year inched up to 1.40 per cent. |
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Outlook |
The spot rupee is expected to open at 45.83/85 against the dollar today. |
