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Outlook:
The spot rupee is expected to open in the range of 44.46-50 to a dollar. |
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Sentiment: Bearish
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The spot rupee opened at 44.45-46 to a dollar, but fell to close at 44.49-50 after reaching an intraday low of 44.57.
The annualised premia for six-month and one-year forward dollars closed at 2.91 per cent and 2.90 per cent, respectively |
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| Money market |
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Sentiment: Bullish
The government securities market closed flat due to lack of triggers.
The yield on the ten-year paper closed at 7.95 per cent.
Liquidity was comfortable with call rates ruling around 5.45-5.50 per cent.
Even as the RBI absorbed bids worth Rs 3,000 crore under reverse repo, the market submitted bids of around Rs 25,700 crore.
The cut-off yields on both 91-day and 182-day t-bill worked out higher at 7.47 per cent and 7.74 per cent as against the market expectation of 7 per cent and 7.20 per cent, respectively. |
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