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Outlook
The spot rupee is likely to open in the 45.25 level to a dollar on Friday |
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Sentiment: Bearish
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The spot rupee fell to 45.21 against the dollar for the third consecutive day as the dollar gained ground against other global currencies
The six-month forward came off to 1.18 per cent and the 12-month premium was almost flat at 0.93 per cent |
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| Money market |
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Sentiment: Bearish
The government securities market was almost flat in lacklustre trade
Yield on the nine-year government paper stood at 7 per cent
Call rates fell to 5.75/5.85 per cent as there was some cash surplus in the system
RBI absorbed Rs 100 crore through its morning reverse repo auction at 5.25 per cent. It infused a sum of Rs 300 crore into the system at 6.25 per cent
The bank mopped up Rs 3,850 crore at 5.25 per cent under second liquidity adjustment facility and injected Rs 300 crore at 6.25 per cent |
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