Markets Report

Money market

Sentiment: Bullish

• The 4.91 per cent inflation rate resulted in a rally in bond prices.
• Long-term bond prices rose by 25-30 paise, while medium-term papers looked up 15-20 paise.
• The 10-year benchmark paper came down to 5.15 per cent on Friday as against 5.17 per cent on Thursday.
• Call money rates ruled in the 4-4.5 per cent range and repo subscriptions were worth Rs 43,000 crore.

Forex market

Sentiment: Bullish

• The spot rupee touched a four-month high of 45.16 on Friday after opening at 45.23/24. The currency closed at 45.1650/17 against a dollar.
• Forward premiums were range-bound, with the six-month and one-year premiums at 0.47 per cent and 0.55 per cent, respectively.

Outlook

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The spot rupee is expected to open on Monday in the 45.15-45.20 range against a dollar.