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Sentiment: Bearish
- Reports of launch of market stabilisation bond in the current fiscal pulled down the government security prices.
- Prices of long- and medium-term securities fell by 10-15 paise
- The yield on the ten-year benchmark gilt closed higher at 7.23-24 per cent.
- Call money rates ended at 4.40-50 per cent.
- Subscriptions at the repo window stood at Rs 38,000 crore.
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| Forex market |
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Sentiment: Bearish
- The rupee opened at 45.2250/23 per dollar, but ended lower at 45.25 on central bank intervention.
- Near-month forward dollars traded at discount. Annualised premium on six-month and one-year dollar stood at 0.46 per cent and 0.5 per cent respectively.
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| Outlook: The rupee is expected to open between 45. 24 and 45.27 per dollar. |
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