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Thursday, May 24, 2007

The rupee ended slightly lower on likely buying from RBI through state-run banks. PSU banks also bought dollars for oil companies and defence purchases.
The spot rupee closed lower at Rs 40.59 against its previous close of Rs 40.56.

The widely traded 8.07%, 2017 paper closed lower at Rs 99.45 against its previous close of Rs 99.54.
THe bonds ended lower as banks and primary dealers stayed away before 80-billion-rupee gilt auction on Fri. MSS issue of 60-80 billion rupees expected Fri. Concerns of a CRR hiked loom. RBI set bullish PD fee of 1.87 paise for 2015 gilt, 2.79 paise for 2022 paper today.

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