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Outlook:
The spot rupee is expected to open in the range of 40.78-85 to a dollar. |
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Sentiment: Flat
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| The spot rupee opened at 40.83/86 but fell to an intraday low of 40.91/92 to a dollar before closing for the day at 40.81/82 . The annualised premium for six-month and one-year forward dollars closed at 4.18 per cent and 3.82 per cent respectively. |
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| Money market |
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Sentiment: Bullish
The government securities market witnessed brisk activity following a lower cut-off yield in the MSS bond auction today. The prices of government papers rose by 30-50 paise across maturities. The yield on 10-year paper closed at 8.12 per cent. The liquidity remained tight with call rates ruling in the range of 9.25-9.30 per cent. The RBI infused liquidity of Rs 21,600 crore into the market under repo. The yield on the MSS bonds worked out to 8.05 per cent against market expectation of 8.10 per cent. |
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