Markets Report

Money market

Sentiment: Bullish

• Trading volumes in the government securities market touched Rs 6,000 crore on abundant liquidity.
• Prices of long-term securities went up by 15-20 paise and those of medium-term papers grew by 10-15 paise.
• The yield on the ten-year benchmark paper closed at 5.21 per cent compared with 5.24 per cent on Tuesday.
• Call money rates ended at 4.40-4.50 per cent.
• Repo subscriptions stood at Rs 50,765 crore.

Forex market

Sentiment: Bullish

• The rupee opened and closed unchanged at 45. 23/2350 per dollar after touching a low of 45.22.
• Forward premiums ended flat. Annualised premiums on six-month and one-year dollars closed at 0.37 per cent and 0.46 per cent, respectively.

Outlook

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The rupee is expected to open between 45.22 and 45.24 against the dollar on Thursday.