Re ends at 45.08/$

MARKET REPORTS

Forex market

Outlook: The spot rupee is expected to open in the 45.04/08 against the dollar on Monday.

Sentiment: Bearish

• The spot rupee opened at 45.08/09 to a dollar and slipped to 45.15 before closing the day at 45.07/08 against the dollar.
• Premiums on six-month and one-year forward dollars closed at 0.40 per cent each

Money market

Sentiment: Bearish

• Prices of government securities fell amidst profit taking
• The ten-year paper closed at 6.97 per cent
• Prices of long- and medium-term papers fell by 30-35 paise whereas those of short-term slipped by 15-20 paise
• Call rates ruled at 5.05 per cent with reverse repo bids at around Rs 20,000 crore
• The corporate bond market remained lacklustre