Sentiment: Nervous |
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| Yields on gilts and corporate bonds edged up on some adverse observations in the Economic Survey. |
| Yields hardened as the Survey said banks cannot continue to invest in low-yielding gilts. |
| The 2007 Grasim paper was dealt five basis points higher at 7.40 per cent. |
| Call money continued to be tight and ended at 6.20-6.30 per cent. |
| The RBI did not receive any bids at the repo auction except for one bid for Rs 100 crore at the reverse repo auction. |
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Forex market |
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Market Sentiment: Bullish on rupee |
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| The rupee ended at a new 17-1/2 month closing high of 47.6700/6750 per dollar as state-owned banks bought dollars at 47.6750. Supply of greenbacks was also good. The six-month premium ended at 3.79% as against Wednesday |
