Re ends higher at 40.44/$

MARKETS REPORT

Outlook:
The spot rupee is likely to open tomorrow at level lower than 40.4445.

Sentiment: Bullish

The Rupee opened at Rs 40.55 and closed around Rs 40.44.

The annuaised premium for six-month dollar closed at 2.08 per cent.

Money market

Sentiment: Bullish

Call rates eased on comfortable liquidity in the money market to 0.15-2.0 per cent.

Liquidity has improved owing to fresh capital inflows.

Government bond prices rose by 32-35 paise.

The 10-year government paper (8.07% 2017) closed at Rs 100.25.

The yield on 10-year paper stood at 8.03 per cent.