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Outlook:
The spot rupee is expected to open in the range of 46.54-59 to a dollar. |
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Sentiment: Bullish
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The market remained dull during the day but sentiment changed after Fitch revised its India outlook.
The spot rupee opened at 46.62/63 and fell to 46.65/66 before closing for the day at 46.57/58 to a dollar.
The annualised premium for six-month and one -ear dollars is 1.05 per cent and 1.15 per cent. |
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| Money market |
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Sentiment: Dull
The market sentiment was marred as the size of the auction announced on Monday was Rs 9,000 crore against the market expectation of a smaller size.
The prices of government securities fell by 5-10 paise.
The yield on the 10-year paper closed at 8.31 per cent.
Call rates ruled around 6.05/10 per cent with the RBI absorbing around Rs 49,190 crore.
The market witnessed thin volume of when-issued transaction of papers to be auctioned on August 8. |
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