Re ends at 43.91/$

MARKETS REPORT

Forex market

Outlook:
Sentiment: sluggish

• The rupee ended weak at 43.9050/9100 after opening slightly up at 43.8950/9000 per dollar.
• The six-month forward premium edged up to 0.65 compared with its previous close of 0.61 per cent.

Money market

Sentiment: Bearish

• Call money rates closed almost flat at 4.95-5.05 per cent on Wednesday unchanged from its previous close of 4.90-5.05 per cent.
• Yield on the actively traded 7.37 per cent 2014 gilt was quoted at 6.96 per cent compared with its previous close of 6.97 per cent.
• Bonds gained in early trades as crude prices fell to below $64 a barrel.
• The corporate bond market was lacklusture.