Re moves up to 43.49/$, gilts decline

MARKETS REPORT

Forex market

Outlook
The spot rupee is expected to open in the 43.47/52 range per dollar on Monday

Sentiment: Dull

The spot rupee opened at 43.5150 and closed at a high of 43.4850 against the dollar

Dollar forward premiums were at this year's lowest level with six-month and one-year premiums closing at 0.85 per cent each

Money market

Sentiment: Bearish

The g-sec market remained lackluster in apprehension of an auction announcement

Prices of government securities across all maturities fell by 8-10 paise

The 10-year 7.38 per cent 2015 paper closed at 6.99 per cent

Call rates fell to almost 1-2 per cent amidst reverse repo bids of Rs 48,000 crore

Trading in the corporate bond market remained dull