Re ends weak at 43.53/$

MARKETS REPORT

Forex market

Outlook: The spot rupee is expected to open in the range of 43.52/55 to a dollar on Monday.

Sentiment: Bearish

• The spot rupee opened at 43.51/52 to a dollar but went up to a high of 43.48/49 before closing at 43.53/54 on corporate demand.
• Forwards tracked the spot rupee with the six-month and one-year premiums closing at 1.28 per cent and 1.20 per cent respectively.

Money market

Sentiment: Bearish

• Prices of government securities remained rangebound.
• Prices across the board fell by 15-20 paise.
• The benchmark 7.38 per cent 2015 gilt closed at 6.98 per cent.
• Call rates were comfortbale at 4.95/5.05 per cent, while reverse repo bids stood at Rs 33,000 crore.
• Trading in corporate bonds was lacklustre.