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Outlook:
The spot rupee is expected to open in the range of 46.26-30 to a dollar. |
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Sentiment: Bullish
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The spot rupee opened at 46.31/32 and witnessed an intraday high of 47.2350 to a dollar backed by strong FII inflows.
The spot rupee closed for the day at 46.27/28 to a dollar.
The annualised premiums on the six-month and one-year forwards closed at 1.28 per cent and 1.32 per cent, respectively. |
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| Money markets |
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Sentiment: Bearish
After a strong rally on Monday, the government securities market witnessed profit booking.
The prices of government securities fell by 10-20 paise across maturities.
The yield on the ten-year paper closed at 7.75 per cent after seeing a low of 7.71 per cent on Monday.
Call rates ruled around 6.05-6.10 per cent with the RBI absorbing around Rs 41,000 crore from the market.
The auction announcement failed to impact the market. |
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