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Outlook:
The spot rupee is expected to open in the range of 44.52-58 to a dollar. |
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| Sentiment:Volatile |
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| The spot rupee opened at 44.48, rose to a high of 44.4550 before falling to a close of 44.5550. The annualised premium for six-month and one-year forward dollars closed at 3.02 per cent and 2.68 per cent, respectively, from highs of 3.5 per cent and 2.91 per cent seen on Tuesday. |
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| Money Market |
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| Sentiment: Bearish Prices of government securities fell by 10- 30 paise across maturities following concerns over inflation. The yield on 10-year benchmark paper closed at 7.53 per cent against a close of 7.51 per cent on Tuesday. Call rates continued to rule higher in the range of 8.25/8.5 per cent. The RBI infused liquidity of Rs 17,000 crore into the market. The RBI cleared the auction of both 91- and 364-day at a cut-off yield of 7.14 per cent , but accepted a total of Rs 4000 crore through the 91-day paper against the notified amount of Rs 2000 crore |
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