Re ends lower at 45.84/$

MARKETS REPORTS

Forex market

Outlook
The rupee is expected to open between 45.82 and 45.85 against the greenback on Tuesday.

Sentiment: Bullish

The rupee opened at 45.82/83 per dollar and closed lower at 45.8350/8450 on dollar demand from corporates. It hit an intraday low high of 45.81/82.

Premiums on forward dollars inched up. Annualised premiums on six-month and one-year dollars closed at 2.53 per cent and 2.13 per cent respectively.

Money market

Sentiment: Bearish

Government security prices rallied across the board after the RBI cancelled the Rs 5,000 crore government borrowing programme slated to be held during October 18-25.

While prices of long-term gilts went up by Re 1, those of short- and medium-term securities moved up by 30-45 paise.

Yield on the 7.38 per cent 2015 gilt closed at 6.78 per cent, while that on the ten-year 7.37 per cent 2014 paper closed at 6.74 per cent.

Call money rates ended at Rs 4.60 per cent.

Repo outstanding stood at Rs 5000 crore.