The rupee is expected to trade in the range of 43.70-75 on Monday. | |
| Sentiment: Bearish |
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- The rupee closed lower at 43.74/75 on Friday from its intra-day high of 43.7050 against a dollar.
- Forward premiums were lacklustre with the six-month forward closing at 1.72 per cent and the 12-month forward ending at 1.47 per cent.
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| Money market |
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| Sentiment: Bearish |
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- Gilt prices gained by 10-15 paise in intra-day trades on Friday due to buying interest and inflation data but fell later on selling pressure from traders.
- The 10-year benchmark, 7.38 per cent 2015 paper closed higher at a yield of 6.62 per cent against an intra-day low of 6.59/60 per cent.
- Call money rates were easy in the 4.55-4.60 per cent range.
- The Reserve Bank of India (RBI) sucked out surplus liquidity worth Rs 41,000 crore from the system.
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