Forex market | |
Outlook
The spot rupee is expected to open in the range of 43.42/48 to a dollar on Monday. |
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| Sentiment: Bullish |
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| The spot rupee opened weak on Friday at 43.43/44 and slipped further to close at 43.4650/47. Forward dollar premiums went up during the day and came off in tune with the rupee at close. Six-month and one-year dollars closed at 2.09 per cent and 1.71 per cent, respectively. |
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| Money market |
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| Sentiment: Cautious Prices of government securities remained range-bound on Friday amid apprehension over the auction outcome. The 10-year benchmark 7.38 per cent 2015 gilt closed at 6.72 per cent. Government security prices moved in a band of five-seven paise across maturities. Call rates ruled in the range of 4.70/80 per cent and reverse repo subscriptions were around Rs 21,000 crore. The spread between the 5-year triple A corporate paper and the underlying government security was around 50 basis points. |
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