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Outlook:
The spot rupee is expected to open in the range of 40.48-53 to a dollar. |
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Sentiment: Bullish
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The spot rupee opened at 40.51/52 but fell to a low of 40.71/72 following heavy NDF arbitrage before closing for the day at 40.66/67 to a dollar.
The annualised premium for six-month and one-year forward dollars closed at 2.64 per cent and 2.74 per cent respectively. |
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| Money market |
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Sentiment: Bearish
Apprehension of a CRR hike marred market sentiment.
Prices of government securities fell by around 20-25 paise across maturities .
The yield on the 10-year benchmark security closed at 8.18 per cent .
Call rates closed around 0.05 per cent amidst ample liquidity.
The RBI received bids worth Rs 1,10,000 crore from the market under reverse repo.
The RBI announced a cut-off yield of 7.23 per cent and 7.69 per cent for 91-day and 364 day treasury bills as per the market expectation. |
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