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Outlook:
The spot rupee is expected to open in the 44.62-44.68 band against the dollar on Monday. |
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| Sentiment: Dull |
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| The spot rupee opened at 44.62/63 and closed at 44.61/62 after reaching an intra-day low of 44.58 against the dollar Apprehension on liquidity led to paying interest in premiums following which the annualised premiums for six-month and one-year forward dollars closed at 2.25 per cent and 2.12 per cent, respectively |
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| Money market |
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| Sentiment: Bullish Falling US yields triggered bullish sentiment in the government securities market Prices of government securities moved up by 15-30 paise across all maturities Yield on the ten-year paper closed at 7.39 per cent as against 7.42 per cent last week Call rates closed at 6.15/25 per cent with the RBI absorbing around Rs 28,925 crore through reverse repo bids The 10-year segment witnessed the maximum appreciation in prices |
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