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Outlook
The rupee is expected to open between and 45.90 and 45.95 against the greenback on Tuesday. |
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Sentiment: Bearish
- The rupee opened at 45.65/67 per dollar and ended sharply lower at 45.9350/9550. It touched an intraday low of 45.96.
- Premiums on forward dollars inched marginally higher. Annualised premiums on six-month and one-year dollars closed at 0.75 per cent and 0.65 per cent respectively.
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| Money market |
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Sentiment: Bearish
- Government security prices tanked across the board with the RBI governor explicitly stating a possible impact of the global rate tightening on domestic interest rates.
- Prices of long-term securities slid by more than a rupee, while those of medium-term papers fell by 80-90 paise.
- The yield on the ten-year benchmark paper, 7.37 per cent 2014, closed at 5.60 per cent, up from 5.48 per cent on Friday.
- Call money rates hovered between 3.00 per cent and 4.25 per cent. Repo subscriptions stood at Rs 57,245 crore.
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