Re ends on a weak note at 43.93/$

MARKETS REPORTS

Forex market

Outlook: The rupee seen moving in a narrow range next week.

Sentiment: Bearish

• The rupee closed at 43.94/96 per dollar, slightly weaker than Thursday's close at 43.915/935.
• The rupee had surged by 2 percent over the past week against the dollar.

Money market

Sentiment: Bearish

• The yield on the benchmark 7.38 percent 2015 gilt inched up to close at 6.7159 percent, off 6.6677 percent hit after the inflation data was released.
• Call money ended at 5.75/6.00 per cent in afternoon deals, up from the previous close of 4.75/5.00 percent despite the central bank pumping in funds through its daily repo auction.
• Corporate bond yields also succumbed to the tight liquidity conditions.