Re ends at a low of 44.88/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the range of 44.85-44.89 against the greenback

Sentiment: Bearish

The spot rupee opened at 44.84/85 and closed at a low of 44.87/88 after hitting a high of 44.81/82 against the dollar

Premiums on forward dollars for six month and one year closed at 1.05 per cent and 1 per cent, respectively