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Outlook:
The spot rupee is expected to open in the range of 40.32-37 to a dollar. |
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Sentiment: Bullish
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The spot rupee opened and closed around 40.34-35 even as it reached an intraday high of 40.27 to a dollar.
The annualised premia for six-month and one-year forward dollars closed at 0.88 per cent and 1.28 per cent respectively. |
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| Money market |
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Sentiment: Bullish
Apprehensions on monetary policy announcement led to fall in gilt prices following profit-taking by banks.
The prices of government securities fell by 10-15 paise across maturities.
The yield on the ten-year benchmark paper closed at 7.80 per cent.
Call rates closed at 0.25 per cent on the back of surplus liquidity.
Five states raised a total of Rs 1,300 crore at interest rates ranging from 8 per cent to 8.05 per cent. |
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