Market Reports

Money market

Sentiment: Dull

Prices of gilts across maturities fell by 5 paise with inflation moving up from 5.21 per cent in the week before last to 5.32 per cent last week.

There was surplus liquidity with repo subscriptions hovering at Rs 43,000 crore and call rates ranging between 4.75 per cent and 5 per cent.

The 10-yr benchmark 9.81 per cent 2013 security closed higher at 5.73 per cent.

Players expect the cut-off yields at the twin auctions today to be market related.

They see the 6.35 per cent 2020 being cleared at a cut-off below 6 per cent.

 

Forex market

Market Sentiment: Bullish on rupee

Spot rupee touched a new high of 46.01/$ after opening at 46.06 and closing at 46.05 on FII inflows and heavy dollar selling by exporters.

The three-month, six-month and one-year premiums softened to 2.80 per cent, 2.35 per cent and 2.25 per cent, respectively.

Outlook

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The spot rupee is expected to open at 46.0450/0550 per dollar on Tuesday.