Re ends stronger at 43.84/$

MARKETS REPORTS

Forex market

Outlook
The rupee is expected to open in the range of 43.75-79 to a dollar.

Sentiment: Volatile

• The rupee opened at 43.87/89 and rose to 43.76 on corporate inflows. It however slipped to 43.83/84 but closed higher at 43.78 to a dollar.
• Forwards softened with the six-month and one-year premiums closing at 2.01 per cent and 1.43 per cent respectively.

Money market

Sentiment: Bullish

• Gilt prices went up on buying demand with easing liquidity .
• Prices across all maturities moved up by 40-50 paise.
• The yield on benchmark 7.38 per cent 2015 gilt closed at 6.67 per cent.
• Call money rates hovered at 5.85/90 per cent, while subscription to reverse repo was at around Rs 1,000 crore.