Re appreciates further to 43.72/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the 43.75-43.79 band on Monday.

Sentiment: Bearish

• The spot rupee opened at 43.79/81 against the dollar on Friday and gained to close at 43.71/72 on the back of a weak dollar.
• The six-month and one-year forward dollars closed at 2.26 per cent and 1.88 per cent, respectively.

Money market

Sentiment: Bullish

• With the dip in inflation rate, gilt prices rose in the short and medium term maturities on Friday.
• While there was not much trade in long-term securities, short and medium-term papers witnessed a 5-15 paise rise in prices.
• The 10-year benchmark 7.38 % 2015 paper closed at 6.73%.
• Call rates ruled in the 4.65-4.70 per cent band with reverse repo bids at Rs 14,000 crore.