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Outlook:
Rupee to open at 44.30 per dollar taking a cue from dollar's movement overseas. |
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Sentiment: Bearish
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The rupee ended the day weaker at 44.27 per dollar against its previous close of 44.20.
Dollar gained strength from ahead of some US data expected on employment.
The six-month forward premium closed at 2.32 per cent and the 12-month premium ended at 1.78 per cent. |
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| Money market |
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Sentiment: Bearish
Gilt prices moved in a tight range keeping an eye on fresh issuances of bonds, which is slated for February 1-9.
The government is scheduled to raise Rs 6000 crore in 10- to 14-year bonds and Rs 3,000 crore in 20-year and above.
Call rates fell to 6.60-6.80 per cent today
The RBI mopped up Rs 500 crore through its morning reverse repo auction and infused Rs 12,685 crore into the system at 6.50 per cent.
The RBI absorbed another Rs 1,950 crore through the second reverse repo auction even as it infused Rs 980 crore at 6.50 per cent. |
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