Re closes at a 4-month high of 45.38/$

MARKETS REPORTS

Outlook: The rupee is expected to open between 45.33 and 45.35 against the greenback on Monday.

Sentiment: Bullish

• The rupee opened at 45.53 per dollar and shot up to close at a four-month high of 45.38 on the back of dollar's fall against global peers.
• Premiums on forward dollars slid. Annualised premiums on six-month and one-year dollars closed at 2.30 per cent and 1.95 per cent respectively.

Money market

Sentiment: Bearish

• Prices of government securities went up across the board on buying interest.
• Prices of long-term securities gained 60 paise, while those of short- and medium-term gilts appreciated by 30-35 paise.
• Yield on the benchmark gilt, 7.38 per cent 2015, closed lower at 6.88 per cent, compared with 6.98 per cent on Thursday.
• Call money rates hovered between 4.75 per cent and 4.8 per cent.