Markets Reports

Money market

Sentiment: Bearish

Selling continued in the market as banks and mutual funds booked profits.

Prices of long term papers fell by 20-25 paise, while the mid-segment saw prices going down by 10-15 paise.

The benchmark 10-year paper 9.81 per cent 2013 closed higher at 5.30 per cent.

Call rates eased at 4.5 per cent and repo subscriptions was Rs 16,265 crore.

Advance tax outflows and RIB redemptions kept players to stay

liquid.

Forex market

Market Sentiment: Dull

In wake of a weak dollar, the rupee opened at 45.80-83 and went up to 45.7950 before closing around 45.80/81.

Forward premiums came down with six month and one year closing at 1.34 per cent and 1.37 per cent.

Outlook:

The rupee is expected to open at 45.80/82 to a dollar today.