Re ends higher at 43.60/$

MARKETS REPORTS

Outlook: The spot rupee is expected to open in the range of 43.558/62 per dollar on Tuesday.

Sentiment: Volatile

• The spot rupee opened higher at 44.02/03 per dollar and gained over 50 paise to close at 43.60/$.
• The six-month and one-year forward premiums were static at 1.05 per cent and 1.33 per cent, respectively.

Money market

Sentiment: Dull

• Anticipation of auction and oil prices kept the trend rangebound.
• Prices of gilts moved by 20-25 paise across the board.
• Yield on the benchmark 7.38% 2015 closed at 6.72% per cent against 6.78% on Saturday.
• Call money rates ended at 4/4.5%, while repo subscriptions touched Rs 22,860 crore.