Markets Report

Money market

Sentiment: Flat

• Government security prices closed higher on the revised S&P foreign currency rating.
• The yield on the benchmark 10-year security ended lower at 5.1870 percent.
• Call money rates ended at 4.25/4.50 per cent compared with 4.30/4.50 per cent on Tuesday.

Forex market

Sentiment: Bullish

• The rupee ended up at 45.51/52 on increased FII inflows and upbeat sentiment after S&P's revised outlook on India's foreign currency rating.
• Premiums on forward dollars declined. The annualised premium on the six-month dollar ended lower 0.11 per cent.

Outlook

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The rupee may touch 45.50 per dollar on Thursday.