Re ends marginally higher at 46.30/$

MARKETS REPORT

Forex market

Outlook
The rupee on Monday is likely to open between 46.32 and 46.36 against the greenback on Monday.

Sentiment: Dull

The rupee opened at 46.31/32 per dollar and closed higher at 46.29/30.

Premiums on forward dollars eased. Annualised premiums on six-month and one-year dollars closing at 1.95 per cent and 1.72 per cent.

Money market

Sentiment: Bullish

Even as headline inflation shot up to 8.17 per cent, gilt prices zoomed as investors bought heavily after RBI announced new norms on classification of banks' investment portfolios.

Prices of medium-term securities went up by around Rs 1.30, while those of long-term gilts barely budged.

The yield on the ten-year benchmark paper, 7.37 per cent 2014, closed lower at 5.88 per cent, compared with 5.99 per cent on Thursday.

Call money rates ended flat at 4.20-30 per cent.