Re closes lower at 45.71/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43.69/72 to a dollar.

Sentiment: Dull

• The spot rupee opened at 43.66/67 and lost during the day to close at 43.70/71 to a dollar.
• Forwards came off with the six-month and one-year premiums closed at 2.02 per cent and 1.69 per cent respectively.

Money market

Sentiment: Anxious

• The entire market is glued towards the upcoming US Fed meeting and government auction .
• Prices fell in the short and medium tenure prices by 15 paise.
• The benchmark 10-year 7.38 per cent 2015 gilt closed at 6.72 per cent.
• Call rates ruled at 4.70/80 per cent and the reverse repo bids stood at Rs 23,085 crore.