Re ends firm at 43.50/$

MARKETS REPORT

Forex market

Outlook: The rupee is expected to trade in a narrow range on Friday.

Sentiment: Neutral

• Expected forex inflows, including $1 billion from Infosys' sponsored ADS issue, helped the rupee stay steady. It closed flat at 43.50 per dollar.
• The six-month forward dollar premium was lower at 1.25 per cent against 1.28 per cent on Wednesday.

Money market

Sentiment: Bearish

• Prices of government securities fell by 25 to 30 paise on Thursday
• The yield on most-traded 12-year, 8.07 per cent government bond rose marginally to 7.07 per cent from 7.04 per cent on Wednesday.
• The 10-year benchmark yield closed at 6.97 per cent, down from as high as 7.38 per cent about a couple of months ago.
• Call money rate closed lower at 4 per cent against 4.90 per cent on Wednesday