24 december 2004

rupee stronger; gilt prices up
mumbai: the domestic currency ended at 43.7650/7750 against the dollar, seven paise above the previous close of 43.83/85.

forwards market: the six-month forward premium closed at 1.61 per cent (1.94 per cent) while the one-year forward premium finished at 1.26 per cent (1.48 per cent).

g-secs: the benchmark 7.38 per cent 2015 paper closed at rs106.22; yield on the paper fell to 6.55 per cent. the 7.55 per cent 2010 paper finished at rs105.40 with the yield at 6.35 per cent.

call rates: in a range of 4.5-6 per cent.