Re ends slightly weaker at 43.80/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is likely to close in the range of 43. 78/81 to a dollar.

Sentiment: Dull

• The foreign exchange market remained dull with spot rupee opening at 43.77 and closing a tad weaker at 43.78/80 to a dollar.
• Forwards inched up slightly with the six-month and one-year premiums closing at 2.3 per cent and 1.9 per cent respectively.

Money market

Sentiment: Dull

• Prices in government securities remained rangebound within 5-10 paise owing to lack of buying demand.
• The benchmark 10-year 7.38 per cent 2015 gilt closed at 6.75 per cent.
• Call money rates ruled at 4.60/70 per cent with reverse repo bids at Rs 16,680 crore.
• Buying demand from Life Insurance Corporation perked up the market towards the end of the trading session.