Re ends higher at 45.73/$

MARKETS REPORTS

Forex market

Outlook: The rupee is expected to open between 45.73 and 45.76 against the greenback on Friday.

Sentiment: Bullish

• The rupee remained volatile after opening at 45.7350/7450 per dollar. It dipped to 45.7850 on dollar demand from corporates, but clawed back to close higher at 45.7250/7350.
• Premiums on forward dollars surged. Annualised premiums no six-month and one-year dollars closed at 2.64 per cent and 2.19 per cent respectively.

Money market

Sentiment: Bullish

• Government security prices went up on hopes that there would not be a repo rate hike in the coming mid-term review of the RBI's annual policy.
• Prices of short-term securities gained 25-30 paise, while those of medium-term gilts increased by 50 paise.
• Yield on the 11-year paper, 7.38 per cent 2015, closed lower at 6.74 per cent.
• Call money rate ended higher at 4.70-4.80 per cent
• Repo outstandings stood at Rs 5,000 crore.