Re ends tad lower at 40.46/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is likely rise above Rs 40.44 level in opening trades.

Sentiment: Cautious

The rupee opened at Rs 40.3940 and closed around Rs 40.46.

The annulised premium for the six-month and one-year forwards closed at 2.28 per cent and 2.27 per cent, respectively.

Money market

Sentiment: Bullish

Call rates eased further on comfortable liquidity in the money market. These hovered between 0.08-0.65 per cent.

Liquidity has improved on capital flows in the market. The government bond prices rose by 13-45 paise.

The 10-year government paper (8.07% 2017) closed at Rs 100.49. The yield on 10-year paper stood at 7.99 per cent.