Re almost unchanged at 45.07/$

MARKETS REPORTS

Forex market

Outlook: The rupee is expected to trade in the range of 44.95-45.10 per $1. Banks might look at the RBI for direction before selling dollars aggressively. Fears of further corporate demand for the dollar are also likely to weigh on the sentiment.

Sentiment: Bullish

• The rupee closed at 45.06/07, almost unchanged from Wednesday's levels thanks to Reserve Bank of India's intervention.
• The six months annualised premium closed at 1.22 per cent today while the twelve months premium ended the day at 1.13 per cent.

Money market

Sentiment: Bullish

• Gilt prices rallied by as much as 50 paise on Thursday after the government cancelled the upcoming Rs 5,000 crore auction.
• The 7.38 per cent 2015 paper rose about 50 paise to close at Rs 102.00, giving a yield of 7.11 per cent.
• The yield curve has turned negative. While the ten-year paper is yielding 6.51 per cent, the 11-year gilt is returning 6.45 per cent.
• Call money rates continued tight at 6.00-6.25 per cent.
• The RBI injected Rs 17,235 crore today through the repo window.