Re ends with a gain at 43.80/$

MARKETS REPORTS

Forex market

Outlook: The rupee is expected to open between 45.84 and 45.89 against the greenback on Thursday.

Sentiment: Bearish

• With dollar gaining globally, spot rupee lost to 43.82 to a dollar after opening at 43. 73/74. It, however, gained at the end of the day to close at 43. 80.
• Forwards continued to remain high o corporate demand. The six-month and one-year premiums closed at 2.30 per cent and 1.87 per cent respectively.

Money market

Sentiment: Bearish

• With both inflation and oil prices coming down, the bond market had a moderate rally.
• Prices in the long-tenure moved up by 55-60 paise, whereas the short and medium tenures went up by 20-25 paise.
• The benchmark 10-year 7.38 per cent 2015 closed at 6.72 per cent.
• Call rates figured at 4.33 per cent despite a reporting Friday.
• Reverse repo bids were at Rs 15,000 crore.