Markets Report

Money market

Sentiment: Bullish

Uncertainty on long term rates led to good buying in short-term gilts which offered good yield differential.

Even on reporting Friday, repo subscriptions touched Rs 26,500-odd crore.

The 10-year benchmark 9.81 per cent 2013 closed at 5.71 per cent.

Call money ended at 4.25-4.75 per cent amid ample liquidity in the market.

Revision on the GDP forecast added to the bullish sentiment.

Forex Report

Sentiment: Bullish

The spot rupee closed at 46.11 against the greenback after touching a high of 46.07.

Three-month and six-month annualised premiums closed at 2.72 per cent and 2.27 per cent respectively.