Re ends lower at 44.13/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 44.02-13 to a dollar on Monday.

Sentiment: Bearish

• The spot rupee opened at 44.15/17 against the US dollar and closed at 44.12/13 after depreciating to 44.27 in intra-day trades.
• The six-month and one year forward premia closed at 1.58 per cent and 1.10 per cent, respectively.

Money market

Sentiment: Bearish

• The government securities market rolled in surplus liquidity with overnight rates hovering around 3%.
• Reverse repo witnessed a subscription of Rs 18,000 cr backed by forex inflows and government spending.