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Outlook:
The spot rupee is expected to open in the range of 45.60-65 to a dollar. |
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Sentiment: Bullish
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The spot rupee opened lower at 45.60/61 after closing at 45.64/65 to a dollar on Wednesday. It remained rangebound during the day to close at 45.62.
The annualised premium for six-month and one-year forward dollars closed at 1.45 per cent and 1.40 per cent, respectively. |
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| Money market |
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Sentiment: Bullish
Prices of government securities moved up by 20-35 paise across maturities after opening lower for the day.
The market began with a bearish note, tracking the minutes of the Fed meeting which stated inflation as a concern.
The yield on the 10-year paper closed at 7.60 per cent.
The RBI absorbed around Rs 25,000 crore from the market even as call rates ruled around 6.40-50 per cent.
The aggressive underwriting commission for the auction, to be held on October 13, perked up market sentiment. |
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