Re finishes on a weak note at 43.71/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43.67/72 to a dollar.

Sentiment: Choppy

• n The spot rupee opened in the range of 43.59/62 on Tuesday and weakened during the day to close at 43.68/71.
• Forward premiums went up due to corporate and interbank dollar demand. The six-month and one-year forward dollars closed at 2.15 per cent and 1.76 per cent, respectively.

Money market

Sentiment: Bullish

• The rally in government security prices continued on Tuesday on the back of buying by traders.
• Prices of long-term gilts went up by 50 paise whereas prices of medium and short-term papers jumped up by 15-35 paise.
• The 10-year benchmark 7.38 per cent 2015 closed at 6.54 per cent.
• Call rates ruled in the 4.70/80 per cent range, while reverse repo bids were at Rs 16,000 crore.