Re ends lower at 44.75/$

MARKETS REPORT

Liquidity continued to remain the crucial factor and RBI has to continue with its liquidity infusion to feed the market requirement.

The yield on government securities came off by 5-10 paise since the market perceived that following the robust advance tax collection, the government may not borrow frequently.

The yield on the benchmark 10-year paper closed at 7.61 per cent against a close of 7.64 per cent last week.

Call rates zoomed up to 8.25 per cent against its previous week close of 8.2 per cent last week.

The RBI infused liquidity of Rs 7805 crore.