Re ends at 43.84/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the range of 43.82/85 to a dollar on Tuesday.

Sentiment: Bullish

• The spot rupee opened at 43.80/81 and closed lower at 43.83/84 to a dollar.
• The six-month and one-year forward premiums closed at 0.61 per cent and 0.65 per cent respectively.

Money market

Sentiment: Bullish

• Prices of government securities remained flat across maturities.
• The only security that witnessed prices moving up by 10 paise was the 10.25 per cent 2021.
• Call rates remained comfortable at 5.05 per cent with reverse repo bids at Rs 41,800 crore.
• The 10-year 7.38 per cent 2015 gilt closed at 7.04 per cent.
• Eleven state governments will raise Rs 2900 crore through tap sale of 7.53 per cent 2015 security on Tuesday.