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Outlook:
The spot rupee is expected to open in the range of 41.58-65 to a dollar. |
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Sentiment: Jittery
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Ahead of the policy, the spot rupee had a mixed movement. The currency opened at 41.69/70 and closed around 41.67/68 after reaching an intraday low of 41.74 to a dollar.
The annualised premium for six-month and one-year forward dollars closed at 6.89 per cent and 5.04 per cent, respectively. |
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| Money market |
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Sentiment: Bearish
Prices of government securities fell by 10-15 paise across maturities.
The yield on the 10-year paper closed at 8.10 per cent against its Friday's closing of 8.06 per cent.
Call rates closed around 9 per cent with the RBI infusing around Rs 5000 crore into the system.
The market is expecting a rise in repo rate in the monetary policy to be announced on Tuesday. |
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