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| Outlook: The spot rupee is likely to open in the 45 levels against the dollar on Tuesday |
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Sentiment: Bullish - The spot rupee closed at a two-month peak of 45.03 per dollar. The local currency gained for the seventh consecutive day backed by huge inflows into the market
- Premium on the six-month forwards inched up to 1.32 per cent while those on 12-month forwards closed at 1 per cent because of tight liquidity
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| Money market |
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Sentiment: Bearish - The government securities market was almost flat amid tight liquidity
- Yield on the nine-year government paper stood at 7.003 per cent
- Call rates traded in the 6.30-6.40 per cent band on account of tight cash in the system
- RBI absorbed Rs 225 crore through its morning reverse repo auction at 5.25 per cent. It infused a sum of Rs 5,240 into the system at 6.25 per cent
- The apex bank mopped up Rs 300 crore at 5.25 per cent under second liquidity adjustment facility and injected Rs 220 crore at 6.25 per cent
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