Re gaine at 43.87/$

MARKETS REPORT

Forex market

Outlook
The spot rupee is expected to open in the range of 43.85/90 to a dollar on Monday.

Sentiment: Bearish

The spot rupee opened at 44.02/02 but gained during the day to close at 43.86/87 to a dollar.

Forward dollars closed with six month and one year at 0.33 per cent and 0.56 per cent respectively.

Money market

Sentiment: Bearish

Marginal fall in oil prices and US yields led to a buying demand in the market.

The prices of medium and long term papers movd up by 20-35 paise.

The 10 year paper 7.38 per cent 2015 closed at 7.02 per cent.

The government of India announced the last auction for the first half of the fiscal to raise Rs 8,000 crore.

Call rates ruled comfortable at 5.05 per cent with reverse repo bids at Rs 30,000 crore.