Re ended steady at 45.05/$

MARKETS REPORTS

Forex market

Outlook: The rupee is expected to open between 45.01 and 45.05 against the greenback on Tuesday.

Sentiment: Bullish

• The rupee ended the day steady at 45.05 per dollar as aggressive central bank intervention to stem its rise.
• The currency hit a high of 45.01 and a low of 45.10 in intraday trades.

Money market

Sentiment: Bearish

• Tradeing in the government securities market remained lacklustre.
• Yield on the benchmark 10-year paper 7.38 per cent 2015 stood at day at 7.07 per cent.
• Call money rates eased to below 6 per cent in the range of 5.40-5.60 per cent as liquidity crunch eased on account of comfortable rupee inflows caused by aggressive RBI intervention in the foreign exchange market.
• The improved liquidity was also reflected at the repo and reverse repo auctions.