Re ends strong at 43.74

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43.74/76 to a dollar.

Sentiment: Bearish

• The spot rupee, which opened at 43.77/78 on Thursday, closed higher at 43.73/74 to a dollar.
• Forward premiums inched up higher with the six-month and one-year dollars at 1.80 per cent and 1.48 per cent, respectively.

Money market

Sentiment: Bearish

• Gilt prices crashed across maturities by 60-70 paise on Thursday owing to a bearish sentiment.
• The yield on the 10-year benchmark 7.38 per cent 2015 paper closed at 6.96 per cent as against a close of 6.83 per cent on Wednesday.
• Call rates were comfortable at 4.70/80 per cent with reverse repo bids at around Rs 25,000 crore.