Re ends higher, bonds slip

MARKETS REPORT

Forex market

Outlook
The rupee is expected to open between and 46.30 and 46.34 against the dollar on Friday.

Sentiment: Dull

The rupee opened at 46.33/34 per dollar and ended marginally higher at 46.32/3275.

Premiums on forward dollars eased. Annualised premiums on six-month and one-year dollars closed at 2.15 per cent and 1.86 per cent.

Money market

Sentiment: Moderate

Government securities prices slid as a poll over inflation forecast, of the headline data to be released this Friday, showed up 8 per cent.

Prices of medium-term securities skidded by 50 paise, while those of short-term gilts fell by 10-15 paise.

The yield on the ten year benchmark paper stood higher at 6.02 per cent, compared with 5.97 per cent on Wednesday.

Call money rates ended comfortable in the 4.20-30 per cent range.