Markets Reports

Money market

Sentiment: Moderate

• Government security prices rebounded on buying demand.
• Prices of long-term securities went up by Re 1, while those of medium-term papers rose by 50 paise.
• The yield on the 10-year benchmark gilt closed at 5.2874 per cent compared with 5.3346 per cent on Monday.
• Call money rates ended at 4.30-35 per cent.
• Repo subscription stood at Rs 40,000 crore.

Forex market

Sentiment: Bullish

• The rupee opened around 45. 29/30 per dollar and declined to 45.3050 before closing higher at 45. 2850.
• Premiums on near-term forward dollars traded at discount. Annualised premiums on six-month and one-year dollars closed at 0.09 per cent and 0.30 per cent respectively.

Outlook

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The rupee is likely to open between 45.27 and 45.29 against the dollar on Thursday.