Re ends flat at 44.36/$

MARKETS REPORT

Forex market

Sentiment: Bullish

The spot rupee opened and closed at 44.35/36 against the dollar after reaching a low of 44.38

In the forwards segment, premiums on six-month and oneyear dollars closed at 2.64 per cent and 2.18 per cent, respectively

Money market

Sentiment: Bullish

With the completion of the government's borrowing programme through private placement on Monday, sentiment in the market got a boost

Call money rates eased to around 6.5 per cent

The yield on the 8.07 per cent 2017 paper that witnessed a high of 7.48 per cent on Monday came down to a close of 7.41 per cent

The corporate bond market is awaiting a string of Tier-II issues from banks and corporates