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Sentiment: Bearish
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The spot rupee opened higher at 44.60/61 as against a close of 44.65/66 against the dollar last week, but weakened later to close at 44.66/67
In the forwards segment, premiums on the six-month and one-year dollars closed at 1.87 per cent and 1.69 per cent, respectively
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Money market
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Sentiment: Bearish
Ahead of the anticipated Fed rate hike and year-end valuation, the market reeled under a bearish sentiment
Banks sold gilts across all maturities
The yield on the 8.07 per cent 2017 paper closed higher at 7.42 per cent as against 7.37 per cent in the weekend
Call rates eased to 6.40 per cent
The corporate bond market remained lacklustre |
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