Market Reports

Money market

Sentiment: Dull

Illiquid gilts gained almost a rupee from morning levels.

The 10.03 per cent 2019 gilt touched a high of Rs 132 (6.769 per cent) and was last dealt at Rs 131.75 (6.789 per cent).

The benchmark 9.81 per cent 2013 gilt opened at Rs 126 (6.315 per cent) but slipped towards the end at Rs 125.70 (6.349 per cent).

Call closed at 5.00-5.25 per cent against its previous 5.90-6.10 per cent.

Yields on corporate bonds came off.

Forex market

Market Sentiment: Positive

The rupee ended flat at 47.6550/6600 on dollar purchases by some oil firms and state-run banks. The six-month annualised forward premium closed at 3.58 per cent.

 

Outlook : Unfolding geo-political developments over the weekend will dictate how the rupee will trade against the dollar on Monday. The market is closed tomorrow on account of Moharrum.