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Outlook
The rupee is expected to open between 46.38/43 against the greenback on Tuesday. |
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Sentiment: Bearish
- The rupee opened at 46.23/24 per dollar and ended lower at 46.39/41 on demand from state-run banks and corporates.
- Premiums on forward dollars inched up. Annualised premiums on six-month and one-year dollar closed at 2.53 per cent and 2.16 per cent, respectively.
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| Money market |
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Sentiment: Bearish
- Government security prices crashed on rising domestic inflation and on fears that the US Federal Reserve may go for a 25 basis points rise in its key funds rate.
- Prices of long-term paper fell by Rs 2.00-2.50 and those of medium-end gilts slid by Re 1.
- The yield on the ten-year benchmark paper, 7.37 per cent 2014, closed higher at 6.50 per cent.
- Call money rates ended at 4.20-50 per cent.
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