Sport rupee ends at 46.09/$

MARKETS REPORT

Outlook:
The spot rupee is expected to open in the range of 46.06-99 to a dollar.

Sentiment: Dull

The spot rupee opened at 46.07/ 09 and closed around 46.08/ 09 after reaching an intraday high of 46.02/ 03 following yen strengthening .

The annualised premiums on the six-month and one-year forward dollars closed at 1.04 per cent and 1.15 per cent, respectively.

Money market

Sentiment: Bearish

Lack of participation led to dull market with thin volumes

The prices of securities came up by 5-7 paise.

Amid no trades, the yield on the 10- year benchmark paper closed at 8.15 per cent.

Call rates ruled around 5.8 per cent with the RBI absorbing around Rs 64,000 crore from the market.

The cut-off yield on the 91-day t- bill was 6.39 per cent, four basis point over last week in a fully subscribed auction.