Markets Report

Money market

Sentiment: Bullish

• Government security prices shot up as liquidity-flush banks went on a buying spree.
• Prices of long-term securities went up by 20-25 per cent and those of medium-term papers moved in a 10-15 paise band.
• The yield on the benchmark 10-year paper ended at 5.2415 per cent compared with Monday's close of 5.2559 per cent on Monday.
• Call money rates ended unchanged at 4.25-4.50 per cent.

Forex market

Sentiment: Volatile

• The rupee opened at 45.24/25 per dollar and ended lower at 45.2850/2950. It touched an intraday high of 45. 2350 per dollar.
• Forward premiums remained steady. Annualised premiums on both the six-month and one-year dollars closed at 0.5 per cent.

Outlook

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The rupee is expected to open between 45.25 and 45.28 per dollar on Thursday.