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Sentiment: Cautious
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| Yields on government securities ended at record lows as investors bet the central bank will cut the bank rate by 25-50 basis points at its credit policy review next month. Trading sentiment was also lifted by hopes that inflation will come down after a cut in fuel prices last night by state-run refiners. The 10-year benchmark security yield ended at 5.9612 per cent, down from the previous close of 4.9908 per cent. Call rates closed at 4.25-4.50 per cent. |
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| Forex market |
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Market Sentiment: Bullish
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The rupee ended firm for the first time in a week on Thursday on robust foreign fund inflows. The currency closed at 45.3475/3550 per dollar, up 0.76 percent from the previous close of 45.68/70. The six-month dollar ended at a small premium of an annualised 0.03 percent compared with a discount of 0.85 percent at Wednesday
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