Re firms up at 43.71/$

MARKETS REPORTS

Forex market

Sentiment: Volatile

• The spot rupee opened at 43.78/79 and rose to 43.7150/7250 on the back of dollar inflows before closing at 43.70/71.
• Forward premiums rose on the back of importer demand with the six-month and one-year premiums closing at 2.00 and 1.43, respectively.

Money market

Sentiment: Moderate

• Gilt prices rose on the back of buying demand on Wednesday and moved in the range of 45-55 paise.
• The benchmark 7.38 per cent 2015 paper closed at 6.52 %.
• Call rates ruled in the 5.85/5.95 per cent band, while reverse repo bids were of Rs 450 crore.