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| Sentiment:Bullish |
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| The spot rupee opened at 41.27 but closed at a high of 41.11 to a dollar on the back of dollar inflows from foreign institutional investors after a gap. The annualised premium for six-month and one-year forward dollars closed lower at 6.45 per cent and 5.94 per cent. |
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| Money Market |
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| Sentiment: Bearish The scheduled auction of Rs 10,000 crore kept the market on tenterhooks. Prices of government securities moved in band of 3-5 paise during the day. The yield on 10-year paper closed at 8.16 per cent against a close of 8.17 per cent on Monday. Call rates closed around 8.5-9 per cent even as the RBI infused liquidity of Rs 7,500 crore into the market. The RBI is expected to announce the auction of 10-14 year paper for Rs 6,000 crore and long-term paper above 20-year maturity for Rs 4,000 crore. |
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