Money
Sentiment : Stable
Call money closed steady in the 5.70-5.75 per cent band amid comfortable liquidity. The one-day repo auction drew 19 applications aggregating Rs 24,615 crore.
These were accepted partially for Rs 19,692 crore. The repo auction indicates that liquidity is fairly spread among major participants.
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Outlook: Call money is expected to hover in the 5.65-5.75 per cent band. Liquidity will be comfortable. Government security prices could see alternate bouts of profit booking and buying.
Forex
Sentiment : Firm
The rupee strengthened to 48.66/67 per dollar today, compared with Tuesday