Re ends lower at 40.93/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the 40.88-40.95 against the greenback

Sentiment: Bullish

The spot rupee opened at 40.81, moved up to 40.73 and closed at 40.93 after hitting an intraday low of 40.95 against the dollar

The annualised premiums for six month and one year forward dollars closed at 6.59 per cent and 5.36 per cent, respectively