Re inches to 45.79/$

MARKETS RPEORTS

Outlook
The spot rupee is expected to open in the range of 45.75/80 against the greenback.

Sentiment: Bullish

The spot rupee opened at 45.83/85 against the dollar and rose to 43.72/73 before closing at 45.78/79

The six-month forward premium closed at 0.47 per cent while 12-month premium closed at 0.42 per cent

Money market

Sentiment: Bearish

Gilt prices rose a tad following RBI deputy governor Rakesh Mohan's statement that liquidity is stable

The 7.37 per cent 2014 government stock closed at 6.98 per cent

The gilt market was almost flat in early trades since positive triggers were absent

Call rates closed at 5.80/6 per cent with reverse repo bids aggregating a mere Rs 2005 crore

The central bank infused Rs 5,175 crore into the overnight call money market at 6.25 per cent through the repo window