Re remained rangebound at 44.44/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the 44. 43-44.45 range against the dollar

Sentiment: Dull

The spot rupee remained rangebound, opening at 44.45/46 and closing at 44.4450 against the dollar

Premiums on the six-month and one-year forwards closed at 2.49 per cent and 2 per cent, respectively

Money market

Sentiment: Dull

The gilt market fell by around 10-12 paise

The 8.07 per cent 2017 paper closed at 7.39 per cent

Call rates ruled at 7.50-7.75 per cent amidst tight liquidity

The RBI infused around Rs 24,000 crore through repo

The cut-off yield on 91-day t-bill fell by eight basis points from 6.60 per cent to 6.52 per cent at the auction