Re ended weaker at 43.55/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is likely to open in the range of 43. 54/57 to a dollar on Friday.

Sentiment: Dull

• The spot rupee opened at 43.50/51 but closed at 43.55/56 after gaining an intraday high of 43.48 to a dollar.
• Six-month and one-year forward dollars closed at 1.44 per cent and 1.27 per cent respectively.

Money market

Sentiment: Bullish

• Gilt prices rallied in the first half of trading session, whereas profit booking took over in the post auction period.
• Long and medium-tenure gilts went up by 50 paise, whereas short-term papers saw prices going up by 20-25 paise.
• The 10-year 7.38 per cent 2015 gilt closed at 6.83 per cent.
• Call rates were comfortable, whereas reverse repo bids came down to around Rs 11,000 crore owing to reporting Friday tomorrow.
• The new paper, 7.49 per cent 2017, moved up by 10 paise after being auctioned at a cut-off price of Rs 104.60.