Markets Report

Money market

Sentiment: Bullish

• Government security prices soared on news of deferral of market stabilisation bond issue and a dip in headline inflation to 5.32 per cent.
• Prices of long-term papers rocketed by 50-65 paise and those of medium-term securities shot up by 40 paise.
• The yield on the ten-year benchmark paper closed at 5.18 per cent.
• Call money rates ended at 4.40-50 per cent.
• Repo subscriptions stood at around Rs 47,830 crore.

Forex market

Sentiment: Bullish

• The rupee opened at 45.2750/28 per dollar and went up to 45.25 before closing at 45. 2550/2650.
• Premiums on forward dollars remained flat. Annualised premiums on six-month and one-year ended at 0.35 per cent and 0.45 per cent.

Outlook

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The rupee is expected to open between 45.25 and 45.27 against the greenback on Monday.