Re ends weakened to 44.34/$

MARKETS REPORT

Forex market

Outlook:
Traders expect the rupee to open at 44.35 depending on the dollar's movement overseas

Sentiment: Bearish

Tracking a strong dollar in the overseas market, the rupee weakened to 44.34 per dollar as against yesterday's close of 44.28

In the forwards segment, six-month premium closed at 1.74 per cent and the 12-month ended at 1.32 per cent

Money market

Sentiment: Bullish

Prices of medium to long tenure gilts rose by 13 paise as overnight call rates softened

The 8.07 per cent 2017 government paper closed at 7.19 per cent compared with the previous close of 7.2007 per cent

Call rates closed at 6.80 per cent with some signs of improvement in cash situation in the domestic banking system

The RBI mopped up Rs 30 crore through the morning reverse repo auction and infused a Rs 10,235 crore

RBI infused Rs 5,560 crore through its second reverse repo auction at 6.25 per cent while the reverse repo bids aggregated to Rs 345 crore