Re ends at a high of 44.50/$

MARKETS REPORT

Outlook:
The spot rupee is expected to open in the range of 44. 48/52 against the dollar on Monday

Sentiment: Bearish

The spot rupee opened at 44.52/54 and fell to a low of 44.55 before gaining to close at a high of 44.50 against the dollar

The 6-month and 1-yr premiums closed at 2.53 per cent and 1.96 per cent, respectively

Money market

Sentiment: Bullish

Easing of liquidity in the market and announcement by the RBI to participate in the secondary debt market on a regular basis perked up sentiment

Gilt prices fell initially on the RBI governor's statement that liquidity risks have not been priced in the market completely

The 8.07 per cent 2017 paper closed at 7.40-42 per cent

Call rates eased below 6.5 per cent

The corporate bond market remained lacklustre