Re ends higher at 44.32/$

MARKETS REPORT

Outlook: The spot rupee is expected to open in the range of 44.31/35 against a dollar on Monday

Sentiment: Bullish

Inflow of foreign exchange funds helped the spot rupee close at 44.32 against a dollar after opening at 44.33/34 and falling to a low of 44.38 intra-day

The six-month and one-year annualised premiums closed at 2.25 per cent and 2.10 per cent, respectively

Money market

Sentiment: Bearish

Apprehension of auction pulled down the market

The 8.07 per cent 2017 paper closed at 7.43 per cent

Call money rates ruled easy below 6.5 per cent and came down to 6 per cent

Corporate bond market remained lacklustre