Re ends flat at 45.06/$

MARKETS REPORT

Outlook
The rupee is expected to open at 45.04 per dollar on the back of the greenback's decline globally.

Sentiment: Bullish

The rupee ended flat at 45.05/45.06 per dollar. The currency hovered in the range of 45.06- 45.09 per dollar.

The annualised premium on six-month dollar closed higher at 1.41 per cent, compare with 1.40 previously.

Money market

Sentiment: Bearish

The government securities market erased gains as players booked profits on fears of the Reserve Bank of India announcing a fixed rate auction in December.

Yield on the benchmark 10-year 7.38 per cent 2014 paper ended the day high at 7.15 per cent against its previous close of 7.07 per cent.

Call moeny rates ended in the range of 4.50 to 4.75 per cent.

Aggressive RBI intervention in the forex market and inflows through coupon redemptions has eased the liquidity in the banking system.