| |
Outlook:
The spot rupee is expected to open in the range of 40.83-90 to a dollar. |
| |
| Sentiment:Bullish |
| |
| The spot rupee opened at 41.02-04 but rose to close at a high of 40.87 to a dollar following dollar inflows into the equity market and dollar sale by the exporters. The annualised premium on the six-month and one-year forward dollars closed at 4.90 per cent and 4.24 per cent as against a closing of 4.50 per cent and 4.01 per cent last week due to tight liquidity conditions. |
| |
| Money Market |
| |
| Sentiment: Bearish The market remained apprehensive since the liquidity conditions tightened. The prices of government securities fell by15-20 paise across maturities. The yield on the ten"�year benchmark closed at 8.15 per cent. Call rates hardened to close at 8.90/9 per cent while the RBI infused liquidity to the tune of Rs 16,500 crore . Liquidity tightened on account of outflows towards the auction of Rs 10,000 crore expected outflows of another Rs 6,000 crore under the MSS bonds this week. The market is also expecting the announcement of the auction of dated securities of around Rs 8,000 crore towards the end of the week. |
| |
|
| |
