Re advanced to 43.63/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43. 62/65 to a dollar on Thursday.

Sentiment: Bullish

• A bearish dollar across the globe led the spot rupee to open at 43.68/70 to a dollar on Wednesday and rose to close at 43.62/63.
• The premium on forward dollars came off with the six-month and one-year dollars at 1.43 per cent and 1.28 per cent, respectively.

Money market

Sentiment: Bulish

• Excess liquidity led to government security prices going up across-the-board on Wednesday.
• Gilt prices across maturities went up by 10-15 paise.
• The 10-year benchmark, 7.38 per cent 2015 paper closed at 6.54 per cent.
• Reverse repo bids were at Rs 31,000 crore.