Markets Report

Money market

Sentiment: Cautious

Yields on government securities edged up on fears that the central bank may come out with OMO sales.

The benchmark 7.27 per cent 2013 security opened at Rs 111.92 (yield of 5.707 per cent) and closed at Rs 111.85 (5.715 per cent).

Ample liquidity with banks sent the call money rates below the repo rate of five per cent.

Most deals were struck around the repo rate of five per cent, with stray deals done at as low as 4.55 per cent.

Forex market

Market Sentiment: Bullish

The rupee closed at a 32