Re ends marginally lower at 40.61/$

MARKETS REPORT

Outlook:
The spot rupee is expected to open in the range of 40.52-65 to a dollar.

Sentiment: Bullish

The spot rupee opened at 40.53/55 but closed at a low of 40.60/61 since institutional inflows were countered by dollar buying by public sector banks and oil companies.

The annualised premium for six-month and one-year forward dollars closed at 4.33 per cent and 3.73 per cent respectively.

Money market

Sentiment: Bearish

Fear of CRR hike weighed heavy on market sentiment.

Prices of government securities fell by 15-25 paise across maturities.

The yield on 10-year benchmark paper closed at 8.15 per cent

Liquidity was comfortable even as the RBI infused around Rs 6730 crore into the market.

The call rates closed at 8 per cent.