Re ends lower at 45.30/$

MARKETS REPORTS

Forex market

Outlook
The spot rupee is expected to open in the range of 45.33/35 to a dollar.

Sentiment: Bearish

The spot rupee opened at 45.18/20 to a dollar and ended at 45.28/30 following the dollar's movement against global currencies.

The six-month forward premium closed at 0.44 per cent and one-year premium closed at 0.42 per cent.

Money market

Sentiment: Bearish

The prices of government securities fell ahead of auction announcement.

The ten-year paper closed at 6.97 per cent.

Call rates ruled higher at 5.50 per cent with reverse repo bids at around Rs 7,835 crore.

Liquidity was tight because of the festival season cash withdrawals.