The rupee is expected to open between 43.66 and 43.69 against the dollar on Tuesday. | |
| Forex market |
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Sentiment: Bullish
- The rupee ended at a 47-month peak of 43.6750/6850 per dollar on foreign fund inflows yesterday.
- Premiums on dollar forwards eased. The annualised premium on six-month dollar ended at 0.55 per cent.
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| Money market |
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Sentiment: Flat
- Government security prices ended flat in rangebound trades yesterday.
- Prices initially succumbed to selling pressure but a mild rally in fag-end trades managed to cut losses.
- The yield on the benchmark 10-year paper rose to 5.13 per cent from the previous day's closing of 5.12 per cent.
- Call money rates ended lower at 4.00-4.25 per cent on the back of ample liquidity and thin demand.
- Subscriptions to seven- and 14-day repos stood at Rs 32,350 crore and Rs 6,150 crore respectively.
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