Market Reports

Money market

Market Sentiment: Bullish

The benchmark 10-year gilt, the 7.27 percent 2013, ended at 5.5393 per cent, up from its previous close of 5.5175 per cent.

Overnight rates ended at 4.80-5.00 per cent amid ample liquidity.

There was routine demand from banks to meet their daily reserve requirements.

The RBI conducted an open market operation worth Rs 12,000 crore.

Cut-off price was set at Rs 103.52 for the auction of 6.35 per cent 2020 bonds for a notified amount of Rs 5,000 crore.

Forex market

Market Sentiment: Bullish

The rupee ended at 45.9025/9125 on dollar inflows from exporters and foreign funds.

 

The three-month forward annualised premium closed at 2.53 per cent, six-month at 2 per cent and one-year at 1.88 per cent.