Markets Report

Money market

Sentiment: Bullish

Prices of gilts went up by 20-25 paise in long-tenor papers, while shorter tenors witnessed a rise of 10-15 paise.

Call rate was ruling around 4.75-5 per cent with repo subscriptions at Rs 31,000 crore.

The 10-year benchmark 9.81 per cent 2013 closed at new low of 5.60 per cent.

Forex market

Market Sentiment: Moderate

The rupee opened at 46.15/17 but weakened to 46.2150 before closing 46.16/17.

Forwards went up with six-month and one-year premiums closing at 1.05 per cent and 2.12 per cent.

Outlook

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The rupee is expected to open at 46.17/19 to a dollar on Monday.