Re ends flat at 45.11/$

MARKETS REPORT

Outlook: Record oil prices will weigh on the rupee. The rupee is expected to open lower and trade around Rs 45.05 a dollar

Sentiment: Bearish

The rupee closed at Rs 45.10/11 per dollar against Rs 45.09/ 10 on Wednesday.

Forward premiums fell across the board. The six-month forward closed at 0.99 per cent against 1.09 per cent on Wednesday

Money market

Sentiment: Bearish

Bond prices closed lower after a two-day rally on profit-taking

Yield on the benchmark 10-year bond closed at 7.34 per cent, up from Wednesday's close of 7.30 per cent.

The announcement of twin-bond auctions of Rs 10,000 crore also contributed to price falls

The overnight call rate closed flat at 5.50 per cent