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Outlook
Traders expect the rupee to open at 44.30 on Monday |
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Sentiment: Bearish
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The rupee gained ground against the greenback to close at 44.24 per dollar buoyed by huge FII inflows
In the forwards segment, the six-month premium closed at 2.15 per cent and 12-month premium at 1.61 per cent |
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| Money market |
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Sentiment: Bearish
Prices of short-tenure government stocks moved in a tight range while long-end gilts were not traded today
The 8.07 per cent 2017 government paper stood at 7.21 per cent in a lacklustre market
Call rates closed at 6.40 per cent with some trades having taken place at 7 per cent
The RBI mopped up Rs 20 crore through the morning reverse repo auction and infused Rs 12,440 crore into the system
The apex bank infused Rs 1,805 crore through its second reverse repo auction at 6.25 per cent while the reverse repo bids aggregated to Rs 445 crore |
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