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Outlook:
The spot rupee is expected to open in the range of 44.18-44.24 against a dollar on Monday. |
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| Sentiment:Bearish |
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| The spot rupee opened at 44.26-44.27 but heavy dollar selling by 2 foreign banks towards the end of the trading session led the currency to close at 44.21/22 against the dollar The annualised premiums on six-month and one-year forward dollars closed at 3.08 per cent and 2.94 per cent, respectively |
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| Money Market |
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| Sentiment: Bullish Inflation was around the market expectation and improved liquidity led to buying demand in the government securities Prices of government securities moved up in the range of 10-30 paise across all maturities Yield on the 10-year paper closed at 7.92 per cent as against a closing of 7.96 per cent on Thursday Market volumes remained thin since many of the dealers were attending a FIMMDA seminar Call rates closed at around 6.5 per cent while the RBI absorbed around Rs 6,000 crore from the market |
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