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Outlook
The spot rupee is expected to open in the range of 44.26/30 on Friday. |
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| Sentiment: Volatile |
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The spot rupee opened at 44.20/22 and closed at 44.2775 before falling to a low of 44.28 to a dollar.
Forward premia closed with 0.78 per cent and 0.70 per cent for six month and one year dollars respectively. |
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| Money market |
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Sentiment: Bearish The government securities market remained lacklustre with apprehensions on the auction result and uncertainty in the interest rate outlook.
The prices of the gilts fell by 25 paise in the long end of the maturity while the short and medium term fell by 10 paise.
The ten year benchmark 7.37 per cent 2015 closed at 7.12 per cent.
Call rates remained easy at 5.05 per cent with reverse repo bids at around Rs 27,000 crore.
Post auction, prices in the medium term papers firme dup by 40-50 paise as bids in 11.38 per cent 2014 were rejected. |
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