Re ends at 44.41/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the range of 44.39/43 to a dollar.

Sentiment: Dull

Following the dollar bearishness globally, the spot rupee opened and closed at 44.40/41 to a dollar.

The premium on six-month and one-year dollars closed at 2.35 per cent and 1.94 per cent respectively.

Money market

Sentiment: Bullish

The market turned bullish with improvement of liquidity situation on the crucial day of payment of advance taxes.

The top traded security 8.07 per cent 2017 closed at 7.3950 per cent.

The call money rates eased to 5.40-50 per cent.

There was heavy buying of securities by banks and mutual funds.