Re ends marginally higher at 45.86/$

MARKETS REPORTS

Forex market

Outlook:
The rupee is expected to open between 45.85 and 45.90 against the greenback on Friday.

Sentiment: Bearish

The rupee opened at 45.89/90 and closed higher at 45.85/86 to a dollar.

Premiums on forward dollars went up. Annualised premiums on six-month and one-year dollars closed at 2.43 per cent and 2.07 per cent.

Money market

Sentiment: Bearish

Government security prices declined on bearish interest rate outlook.

Prices of long-term gilts fell by almost Re1, while those of short and medium term securities lost 60 paise and 30 paise respectively.

Yield on the ten-year paper closed at 6.60 per cent, while that on the 11-year paper ended at 6.54 per cent.

Call money rates closed at 4.42-4.60 per cent.

The overall liquidity outstanding in the system stood at Rs 14,000 crore.