Re ends with a gain at 43.68/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is likely to open in the range of 43. 66/69 to a dollar.

Sentiment: Bearish

• Foreign exchange market remained rangebound with stray capital inflows.
• The spot rupee opened at 43.6950/7050 but gained a shade to close at 43.67/68 to a dollar.
• The six-month and one-year forward dollars closed at 1.65 per cent and 1.45 per cent respectively.

Money market

Sentiment: Bearish

• Prices of government securities remained flat during the day as dealers stayed away ahead of the credit policy.
• The benchmark 10-year 7.38 per cent 2015 closed at 7.11 per cent.
• Call rates ruled at 4.70/75 per cent and reverse repo bids were at Rs 31,000 crore.
• The 6.85 per cent 2012 and 8.07 per cent 2017 were among the very few papers traded in the market.
• Corporate bonds market stayed subued.