Re ends flat at 44.20/$

MARKETS REPORT

Outlook:
The spot rupee is expected to open in the 45.12-45.16 range against the greenback on Monday.

Sentiment: Volatile

The spot rupee opened at 45.20/22 and fell to a low of 45.40 intra day, before closing at 45.18/20 against the dollar

The annualised premia on the six-month and one-year dollars closed at 1.26 per cent and 1.33 per cent, respectively

Money market

Sentiment: Bearish

Gilt prices fell by 30-40 paise following an expectation of 25 bps hike in the credit policy to be announced on April 18

Call rates closed at 5.5 per cent and the RBI absorbed around Rs 50,000 crore from the system

Yield on the ten-year benchmark paper closed at 7.59 per cent