| |
Outlook:
The spot rupee is expected to open in the range of 41.36-42 to a dollar on Friday. |
| |
Sentiment: Bearish
|
| |
The spot rupee opened at 41.04-06 but lost during the day to close at a low of 41.34/36 to a dollar.
The six-month and one-year forward dollars closed at an annualised premium of 1.99 pr cent and 1.93 per cent respectively. |
| |
| Money market |
| |
Sentiment: Bearish
The government securities reeled under fears of liquidity constraint.
The prices of government bonds fell by 40 paise to Re 1 across maturities.
The yield on the 10-year benchmark paper closed at 8.04 per cent against a closing of 7.98 per cent on Tuesday.
The RBI auctioned the two-year dated security under MSS at a cutoff yield of 7.99 per cent.
Call rates hovered around 6.10-6.20 per cent, while the RBI absorbed around Rs 30,000 crore from the market. |
| |
|
| |
