Re ends closer at 43.78/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43.76/79 to a dollar on Wednesday.

Sentiment: Bearish

• The rupee closed lower for the second consecutive day on Tuesday against the dollar. It ended marginally lower at 43.78, against 43.77 on Monday.
• The premium on the 6-month forward dollar rose to 1.77 per cent from 1.63 per cent on Monday.

Money market

Sentiment: Bearish

• The government's Rs 8,000 crore auction sailed through on Tuesday. Bond prices were range-bound with traded volumes at a mere Rs 1,200 crore.
• The 10-year benchmark 7.38 per cent 2015 paper closed unchanged at Rs 104.65 at a yield of 6.75 per cent.
• Liquidity was easy with call rates ruling at 4.60-4.80 per cent.
• The central bank sucked out liquidity worth Rs 34,265 crore from the system.