Markets Report

Money market

Sentiment: Bullish

• Government security prices surged further on sustained all-round buying.
• Prices of short- and medium-term papers rose by 25-70 paise, while those of long-term gilts shot up by over a rupee.
• The yield on the benchmark 10-year gilt slid to 5.1649 percent from Wednesday's close of 5.1870 per cent.
• Call money rates ruled steady and ended at 4.25-4.50 per cent on the back of ample liquidity amid thin demand.
• One-day repo subscriptions stood at Rs 25,245 crore.

Forex market

Sentiment: Flat

• The rupee ended marginally up at 45.5100/5175 per dollar on steady FII inflows and greenback's slide against global peers.
• Premiums on the forward dollar edged up. The premium on the six-month forward dollar ended at an annualised 0.12 per cent.

Outlook

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The rupee is expected to hover around 45.50 per dollar on Friday.