Money

Sentiment : Stable

Call money closed steady in the 5.70-5.75 per cent band amid comfortable liquidity. The one-day repo auction drew 19 applications aggregating Rs 24,615 crore.

These were accepted partially for Rs 19,692 crore. The repo auction indicates that liquidity is fairly spread among major participants.

Outlook: Call money is expected to hover in the 5.65-5.75 per cent band. Liquidity will be comfortable. Government security prices could see alternate bouts of profit booking and buying.

Forex

Sentiment : Firm

The rupee strengthened to 48.66/67 per dollar today, compared with Tuesday