Re ends at 43.82/$, gilts move up

MARKETS REPORT

Forex market

Outlook
The spot rupee is expected to open in the range of 43.79/83 to a dollar on Tuesday.

Sentiment: Bullish

The spot rupee opened and closed at 43.81/82 after gaining all the way to 43.72 to a dollar.

The six-month and one-year forward premiums closed at 0.50 per cent and 0.60 per cent.

Money market

Sentiment: Moderate

Prices of government securities moved up during the day owing to buying interest from traders.

Prices of gilts across maturities remained rangebound within 15-20 paise.

The 10-year gilt closed at 7.02 per cent.

Call rates remained comfortable at 5.05 per cent with reverse repo bids at Rs 51,390 crore.

The corporate bond market remained lacklustre.