Markets Reports

Money market

Sentiment: Bearish

• Government security prices plumped across all maturities as investors went on a selling spree on inflation conc-erns.
• Prices of long-term securities coasted 25-30 paise, while those of short-term papers dived 15-20 paise.
• The yield on the ten-year benchmark paper closed at 5.22 per cent.
• Call money rates ended at 4.25-4.35 per cent.
• Repo subscriptions stood at t Rs 42,000 crore.

Forex market

Sentiment: Bullish

• The rupee opened at 45.26/27 per dollar and touched an intraday low of 45.28 before closing at 45. 27/2750.
• Premiums on forward dollars came off. Annualised premium on six-month closed at 0.75.

Outlook

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The rupee is expected to open in the 45.26-30 per dollar band on Monday.