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| Outlook: The spot rupee is expected to open in the range of 44.48/51 to a dollar |
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| Sentiment: Bearish |
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| The economic survey citing concern on rising interest rates led to the spot rupee losing 8-10 paise to close at 44.49/50 after opening at 44.37/39 against the dollar Premiums on forward dollars continued to remain high with six-month and one-year closing at 2.2 per cent and 1.78 per cent, respectively |
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| Money market |
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| Sentiment: Bearish Gilt prices remained rangebound in anticipation of the triggers from the budget announcement on Tuesday The liquidity situation improved with call rates averaging at around 6.60-7.00 per cent The market was bearish on concerned over the statement on interest rates scenario in the economic survey, albeit market comforted with the finance minister's firm resolve to improve liquidity and investment The top traded 8.07 per cent 2017 paper closed at 7.36/37 per cent |
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