Markets Report

Money market
Sentiment: Bullish

• Prices of government securities rallied as investors built up positions on lower-than-expected rise in inflation rate.
  
• The yield on the benchmark 10-year gilt slid to 5.1524 per cent from 5.1649 per cent on Thursday.
  
• The yield on the actively traded 14-year 8.07 per cent paper declined to 5.5497 per cent from 5.5595 per cent on Thursday.
  
• Call money rates ended flat at 4.25-4.50 per cent compared with 4.30-4.50 per cent on Thursday.
  
  
  Forex market
  Sentiment: Bullish
  

• The rupee touched a five-week closing high of 45.5050/5150 per dollar today on heavy FII inflows and lesser PSB dollar purchases.
  
• Forward dollars traded at discounts. The one-month dollar ended at an annualised discount of 0.60 per cent, while the six month dollar closed at 0.05 per cent.

Outlook

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The rupee may open around 45.50 per dollar on Monday.