The rupee is expected to open between 43.50 and 43.54 to the dollar on Thursday. | |
| Forex market |
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| Sentiment: Volatile |
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- The rupee gained by 31 paise to end at a fresh high of 43.5350/54. The currency remained volatile for most of the day.
- Premiums on forward dollars firmed up on the back of RBI intervention. Annualised premiums on three-month and six-month dollars closed at 0.92 per cent and 0.61 per cent respectively.
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| Money market |
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| Sentiment: Bullish |
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- Government securities prices opened on a bullish note, but were later dampened by the news of Rs 5,000 auction on April 8.
- Prices of long-term securities moved up by 10-15 paise, while those of medium-term papers inched up by 5-7 paise.
- The yield on the ten-year benchmark paper closed at 5.12 per cent.
- Call money rates remained ranged between 4.25 per cent and 4.40 per cent.
- Subscriptions to seven-day repo stood at Rs 9,000 crore.
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