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Outlook:
The spot rupee is likely to open in the 45.20 level to a dollar on Wednesday |
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Sentiment: Bullish
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The spot rupee fell off its two month peak to close at 45.23/24 per dollar today. The rupee fell on the back of dollar gaining ground versus the yen
Premiums on the six-month forwards inched up to 1.37 per cent while those on the 12-month closed at 1.01 per cent |
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| Money market |
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Sentiment: Bearish
The government securities market was almost flat amid tight liquidity
Yield on nine-year government stock stood at 7.01 per cent
Call rates traded in the band of 6.30-6.40 per cent on account of tight cash in the system
RBI absorbed Rs 480 crore through its morning reverse repo auction at 5.25 per cent. It infused a sum of Rs 2,140 into the system at 6.25 per cent
It mopped up Rs 355 crore at 5.25 per cent under second liquidity adjustment facility and injected Rs 745 crore into the system at 6.25 per cent |
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