Markets Reports

Money market

Sentiment: Bearish

Gilts prices fell across the board but recovered back as buying came at low price levels

Long tenor gilt prices fell 20-30 paise but recovered 10 paise.

Medium and short term papers witnessed a rise of 4-5 paise each.

The 10-year benchmark 9.81 per cent 2013 closed at 5.33 per cent.

Call money rates were at around 4.5 per cent and repo subscriptions stood at Rs 13,000 crore.

Forex market

Market Sentiment: Mixed

The rupee closed at 45.80/81 as banks bought dollars on behalf of FIIs.

Forward premiums remained flat with six-month forward closing at 1.20 per cent . September-end premium, however, ruled high.

 

Outlook

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Rupee is expected to open today in the range of 45.78/80 to a dollar.