Re ends higher at 45.85/$

MARKETS REPORTS

Forex market

Outlook
The rupee is expected to open between 45.83 and 45.88 against the dollar on Tuesday.

Sentiment: Bullish

The rupee opened at 45.91/92 per dollar and closed higher at 45.8450/85 on the back of benign forex inflows and RBI intervention.

Premiums on forward dollars slid. Annualised premiums on six-month and one-year dollars closed at 2.17 per cent and 1.87 per cent respectively.

Money market

Sentiment: Bearish

Government security prices waned across the board as the dollar appreciated against its global peers and oil prices trod skywards.

Prices of long-term securities lost 70-80 paise, while those of short- and medium-term gilts depreciated by 30-45 paise.

Yield on the ten-year benchmark paper, 7.37 per cent 2013, closed higher at 6.46 per cent.

Call money rates ended marginally higher at 4.50-60 per cent.