Re ends at 43.69/$

MARKETS REPORT

FOREX MARKET

Outlook
The spot rupee is expected to open in the range of 43. 67-68 on Monday.

Sentiment: Bearish

The spot rupee opened at 43.71/ 72 and went up to 43.66 following fresh rumours of Chinese yuan revaluation before closing at 43.69 to a dollar.

Forward premiums closed with six-month and one-year dollars at 0.65 per cent and 0.60 per cent, respectively.

MONEY MARKET

Sentiment: bullish

Fresh rumours of Chinese yuan revaluation and inflation at 3.13 per cent led the gilts prices to rise.

Prices in the short and medium-term papers went up by 10-15 paise.

The ten-year 7.38 per cent 2015 paper closed at 7.07 per cent.

Reverse repo bids at around Rs 25,000 crore led call rates to close at 5.05 per cent.

Corporate bond market remained dull even as gilt prices went up.