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Outlook:
The spot rupee is expected to open in the 44.78-44.82 range against the dollar |
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Sentiment: Bullish
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| Foreign exchange inflows led to the spot rupee opening at 44.70/71 which later fell to 44.80 against the dollar, following heavy dollar buying by the RBI Six-month and one-year annualised premiums closed lower at 1.31 per cent and 1.33 per cent as against 1.52 per cent and 1.45 per cent, respectively, on Friday |
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| Money market |
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Sentiment: Moderate
Gilt prices in the short and medium term rose by 25-30 paise driven by the easy liquidity situation The ten-year paper closed at 7.59 per cent which is the cut-off yield for the 10-year paper auctioned today Call rates ruled around 5.5-5.7 per cent Around Rs 324 crore devolved on primary dealers in the Rs 8,000 crore government auction today The sentiment was bearish with a rise in US yields following robust non-farm payroll data |
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