Re ends higher at 40.54/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open tomorrow at level lower than 40.53-54.

Sentiment: Bullish

The rupee opened at 40.5759 and closed around 40.53/54.

The annualised premium for six-month and one-year closed at 2.08 per cent and 2.22 per cent respectively..

Money market

Sentiment: Bullish

The call rates eased on comfortable liquidity in the money market. They hovered between 0.5 per cent and 3.0 per cent.

The liquidity has improved on capital flows in the market. The government bond prices rose by 18-20 paise.

The 10-year government paper closed at Rs 97.75.

The yield on 10-year paper stood at 8.09 per cent.