Re ends higher at 45.77/$

MARKETS REPORTS

Forex market

Outlook
The rupee is expected to open between 45.75/80 against the greenback on Thursday.

Sentiment: Bullish

The rupee opened at 45.8150/82 per dollar and ended higher at 45.7650/77 on thickening dollar inflows.

Premiums on forward premiums moved up. Annualised premiums on six-month and one-year dollar closed higher at 2.66 per cent and 2.20 per cent respectively.

Money market

Sentiment: Bearish

Government security prices rose on expectations that there would not be any repo rate hike in the mid-term review of the RBI's annual policy.

Prices of medium-term gilts went up by 30-40 paise, while those of short-term securities gained 15-20 paise.

Yields on the ten- and 11-year papers closed at the same level of 6.76 per cent.

Call rates ended higher at 4.60-4.70 per cent.

Repo outstandings stood at Rs 5,095 crore.