The spot rupee is expected to rule in a narrow range of 43.70/43.73 on Thursday. | |
Sentiment: Dull
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| The spot rupee hit an intra-day high of 43.69 on Wednesday owing to strong dollar inflows. However, RBI intervention capped further gains in the currency. The rupee, which ruled in a band of 43.69-43.73 to a dollar, slipped to close at 43.70/43.71. |
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| Money market |
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| Sentiment: Bullish Gilt prices fell by 15 paise on Wednesday morning but recovered on statements from officials that the government's net borrowing would be lower that the budgeted figure. The 10-year benchmark, 7.38 per cent 2015 paper closed 10 paise higher than Tuesday's close. Call money rates ruled in the 4.65-4.75 per cent range. RBI absorbed liquidity worth Rs 44,000 crore from the system. |
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