Re ends stronger at 44.39/$

MARKETS REPORT

 Sentiment: Bearish  

Concerns raised by the finance minister on inflation triggered a bout of selling in the market

Prices of government securities fell by 10 paise across maturities.

The yield on 10-year paper closed at 7.51 per cent against a close of 7.47 per cent on Monday.

Call rates ruled at a high of 8/8.5 per cent with the RBI infusing around Rs 18,000 crore from the market.

The market expects the cut-off yield on t-bills to be on the higher side in line with the overall interest rate trend