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Outlook:
The spot rupee is expected to open in the 45.14-45.20 band against the dollar
Sentiment: Bearish
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Heavy dollar demand from banks led the spot rupee to close at a low of 45.19 after opening at 44.97 against the dollar
The annualised premiums for the six-month and one-year forward dollars closed at 1.86 per cent and 1.76 per cent, respectively |
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| Money market |
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Sentiment: Bullish
Heavy buying demand for long-term papers pushed up prices in the government securities market
The prices of long-term papers went up by 40-50 paise whereas the short- and medium-term prices remained flat
The yield on the ten-year paper closed at 7.56 per cent
The call rates remained tighter at seven per cent with the RBI absorbing around Rs 4,300 crore
The demand for the long-term papers surged on anticipation of a long-term paper being floated in the forthcoming government securities auction |
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