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| Outlook: The spot rupee is expected to open in the range of 43.55/58 to a dollar on Tuesday. |
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| Sentiment: Dull |
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- The spot rupee opened at 43. 57/58 and closed at 43. 56/57 to a dollar amid lacklustre trading.
- Forward premiums inched up with interbank buying. Six-month and one-year dollars closed at 1.54 per cent and 1.36 per cent respectively.
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| Money market |
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| Sentiment: Bearish |
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- Gilt prices fell across the board following heavy selling by market participants .
- Long and medium-tenure gilt prices fell by 30-50 paise, whereas short-tenure prices fell by 25 paise.
- The benchmark 7.38 per cent 2015 gilt closed at 7.25 per cent after reaching an intra-day high of 7.28 per cent.
- Call money rates ruled higher at 5.20/5.40 per cent with reverse repo bids just at Rs 3,800 crore.
- Market is reeling under the bearish sentiment anticipating reverse repo rate hike in the forthcoming July policy.
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