Market Reports

Money market

Sentiment: Positive

Yields on both gilts and corporate bonds came off by about 15 basis points each.

Yields softened as players built modest portfolio positions for the new fiscal.

Call money finished lower at 5.00-5.50 per cent, off an intraday high of 7.00-7.50 per cent.

The RBI received four bids aggregating Rs 7,025 crore at the repo auction and 15 bids aggregating Rs 4635 crore at the reverse repo auction; it accepted all the bids.

Forex market

Market Sentiment: Positive

The rupee ended FY03 at an 18