Market Reports

Money market

Sentiment: Bullish

The government securities market witnessed heavy profit taking towards close of trading, with prices falling by 8-10 paise in medium and long tenor papers.

The ten-year benchmark 9.81 per cent 2013 closed at a yield of 5.64 per cent.

The 7.40 per cent 2012 stock ended at Rs 112.40.

Corporate bonds witnessed profit taking as well.

Call rates moved in a narrow range around 5 per cent.

Forex market

Market Sentiment: Bearish

The rupee finished marginally firmer at 46.13/14 to the dollar after routine month-end dollar demand trimmed gains.

With demand for cash dollars shooting up, forward premiums crashed, with the six month premium closing at 1.61 per cent.

 

Outlook

---

The spot rupee is expected to open at 46.13/14 against the US dollar on Tuesday.