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Re ends marginally higher at 40.91/$

MARKETS REPORT

Last Updated : Feb 05 2013 | 1:20 AM IST

Forex market

Outlook:
The spot rupee is expected to open in the range of 40.88-92 to a dollar.

Sentiment: Bearish

The spot rupee opened at 40.81/82 and closed around 40.91 to a dollar.

The annualised premium for six-month and one-year forward dollars closed at 3.14 per cent and 2.95 per cent respectively.

Money market

Sentiment: Bearish

Government securities remained lacklustre through the day. However, trading picked up towards the end of session.

Prices of medium-tenure securities moved up by 25- 30 paise, while it went up by almost Re 1 in the long end.

The yield on the 10-year benchmark paper closed at 8.33 per cent against 8.41 per cent on Wednesday.

The liquidity is comfortable with the Reserve Bank of India receiving bids worth Rs 73,715 crore under reverse repo.

The call rates closed at 3.5 per cent.