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| Sentiment:Bearish |
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| Dollar buying by foreign banks on behalf of their custodian clients led to the rupee reaching an intraday low of 44.54/55 after opening at 44.35/36 to a dollar The rupee closed for the day at 44.49/50 . The annualised premium on six-month and one-year forward dollars closed at 3.77 per cent and 3.04 per cent, respectively |
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| Money Market |
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| Sentiment: Bullish Government securities moved up following the reduction of auction amount in the government borrowing programme later this week. The yield on 10-year paper closed at 7.48 per cent against a closing of 7.54 per cent last Friday. Prices of gilts moved up by 20-50 paise across in the short- and medium-term papers. Call rates inched up to around 8.25/8.5 per cent since the banks started providing for reserve requirements going forward to the reporting fortnight. RBI infused liquidity of around Rs 16,000 crore. |
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