Re ends flat at 46.46/$

MARKET S REPORT

Forex market

Outlook:
The spot rupee is expected to open in the range of 46.43-48 to a dollar

Sentiment: Bearish

The spot rupee opened at 46.42 and closed at 46.46 to a dollar.

The six-month and one-year annualised dollar premiums closed at 1.40 per cent and 1.36 per cent, respectively.

Money market

Sentiment: Bearish

Prices of government securities remained flat during most part of the day.

The yield on the 10-year benchmark closed at 8.03 per cent.

Call rates ruled at 6.05/6.10 per cent with the RBI absorbing around Rs 24,000 crore.

Four state governments have announced the sale of 10-year paper to raise Rs 1050.82 crore on August 25.

The corporate bond market remained lacklustre with few trades