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| Outlook: The spot rupee is likely to open in the range of 46.10 to a dollar. |
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Sentiment: Bullish - The spot rupee closed at 46.09/10 per dollar as against the opening level of 45.96/97 and the previous close of 46.11/12.
- The six-month forward premium closed at 0.89 per cent while the 12-month premium closed at 0.73 per cent.
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| Money market |
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Sentiment: Bullish - Prices of government securities rose a tad in rangebound trade
- Yield on the nine-year government paper was almost flat at 7.01 per cent
- Call rates breached the 6 per cent level and closed the day at 5.80 per cent on account of the cash-tight situation
- Liquidity is tight as the system is witnessing an outflow of Rs 12,000-15,000 crore on account of advance tax payments
- RBI absorbed Rs 560 crore through its morning reverse repo auction at 5.25 per cent.
- It accepted another 2 bids aggregating Rs 380 crore at 5.25 per cent under second liquidity adjustment
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