Re ends flat at 44.48/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the 44.45-44.48 against the greenback on Thursday

Sentiment: Moderate

The spot rupee opened and closed at 44.47/48 but fell to a low of 44.54/55 intra day

The six-month and one-year annualised premiums closed at 2.70 per cent and 2.07 per cent, respectively

Money market

Sentiment: Bearish

The gilt market remained lacklustre on apprehensions of advance tax outflows

While prices remained rangebound, the top traded 8.07 per cent 2017 paper closed at 7.41 per cent

Liquidity was ruling easy with call rates at 5.75 per cent

The Corporate bond market remained dull