Markets Report

Money market

Sentiment: Bullish

• Prices of government securities ended higher as buying interest rose on hopes of good demand next month.
• Prices of medium- and long-term securities rose by 25-100 paise.
• The benchmark 10-year gilt, 7.27 per cent 2013, yielded 5.1073 per cent, down from 5.1432 per cent on Wednesday.
• Call money rates ended unchanged at 4.25-4.50 per cent.
• Repo subscriptions at the three-day auction were at Rs 26,355 crore.
• The yield on the actively traded 8.07 per cent security fell to 5.4628 per cent from 5.5344 per cent on Wednesday.

Forex market

Sentiment: Flat

• The rupee closed steady at 45.5800/5900 per dollar as public sector banks mopped up dollars to arrest the rupee rise which occurred on FII inflows.
• Forwards premium declined. The annualised premium on the one-month dollar ended at 0.13 per cent.

Outlook

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The rupee is expected to open at 45.58 per dollar on Monday.