Re ends higher at 45.65/$

MARKETS REPORTS

Forex market

Outlook: The rupee is expected to open between 45.05 and 45.03 against the greenback on Thursday.

Sentiment: Bullish

• The rupee ended higher for the sixth consecutive day on Wednesday at 45.0550/0650 per dollar, compared with Tuesday's close of 45.0675/0750. It hit an intraday high of 44.9800.
• Premiums on forward dollars slid. Annualised premium on the benchmark six-month dollar slipped to 1.67 per cent.

Money market

Sentiment: Bearish

• Government security prices slid initially but rebounded on comments from a finance ministry official on the huge cash surplus held by the Reserve Bank of India.
• Corporate bond yields were stuck in a range, though sentiment was pepped up on hopes that the next scheduled gilt auction could be postponed.
• Yield on the 7.38 per cent 2015 paper eased to 7.1826 per cent, from 7.1959 per cent before the comments. It closed on Tuesday at 7.1399 per cent.