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Outlook:
The spot rupee is expected to open in the 46.27-46.32 band against the dollar |
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Sentiment: Bullish
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Supported by foreign exchange inflows, the spot rupee closed higher at 46.29-46.30 after opening at 46.36-46.38 against the dollar
With apprehensions of a Fed rate hike, the premiums on the six month and one year forward dollars closed at 1.18 per cent and 1.26 per cent, respectively |
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| Money market |
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Sentiment: Dull
Cautiousness prevailed among traders on the eve of the open market committee meeting of the Federal Reserve
The prices remained flat with rangebound movement seen in one or two papers
The yield on the ten-year paper closed at 8.13 per cent
Call rates ruled around 5.8-5.9 per cent with the RBI absorbing around Rs 42,000 crore from the system
The market took comfort from the fact that GDP and price data released by the Federal Reserve prior to the meeting has been in the line with the market expectations |
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