Sentiment Bullish In Forex Market

The rupee ended at a 13-month peak of 47.91/92 per dollar, a level it had last closed at on December 24, 2001, helped by greenback inflows and its global weakness, and the view that the RBI was not averse to its appreciation.

Outlook

The rupee is expected to appreciate beyond 47.90/$ on Thursday because of a bearish global dollar and comfortable supplies of the US currency.

Money Market

Sentiment: Bullish

* Yields on gilts ended lower as fund supplies revived buying interest.

* The 10-year benchmark 9.81 percent bond finished at 5.8570 per cent, up from the day