Re ends at 43.59/$

MARKETS REPORT

Forex market

Outlook: The spot rupee is expected to open in the range of 43.57/60 to a dollar on Monday.

Sentiment: Bearish

• The spot rupee opened at 43. 57/58 and closed a tad lower at 43. 58/59 to a dollar.
• Six-month and one-year forward dollars closed at 0.82 per cent and 0.80 per cent respectively.

Money market

Sentiment: Bearish

• Long weekend and lack of positive triggers led to a lacklustre market.
• The prices of the government securities moved in a range of 5-10 paise across the board.
• The ten-year benchmark 7.38 per cent 2015 closed at 7.06 per cent.
• Amidst reverse repo bids of Rs 25,935 crore, call rates ruled easy at 5.05 per cent.
• Trading in the corporate bond market was dull.