Re ends at 3-month low of 45.20/$

MARKETS REPORT

 

The spot rupee opened at 44.79/80 against the dollar but closed at a three-month low of 45.19/20 following dollar demand from banks

Six month and one year forward premia closed at 1.17 per cent and 1.26 per cent, respectively

 Money market
 Sentiment: Bearish

Gilt prices fell towards the end of the day after rising in the beginning

The ten-year benchmark security closed at 7.55 per cent

Call rates closed at 5.5/5.6 per cent with RBI absorbing around Rs 49,000 crore from the market

The sentiment turned bearish with a sharp fall in the equity market

The corporate bond market remained lacklustre