Re slides down to 43.67

MARKETS REPORT

Forex market

Outlook
The spot rupee is expected to open in the range of 43. 65/69 to a dollar on Tuesday.

Sentiment: Dull

A strong dollar overseas pulled the rupee down at 43.67/68, after opening at 43.61/62 to a dollar.

Forward premiums tracked the rupee with the six-month and one-year forward dollars closing at 1.40 per cent and 1.27 per cent, respectively.

Money market

Sentiment: Bearish

Firming up of the US yields and tightness in liquidity led to cautious trading in the market.

Prices of government securities remained flat across maturities.

The 10-year benchmark 7.37 per cent 2015 closed at 6.89 per cent.

Call rates touched 5.10/15 per cent, while reverse repo bids were at around Rs 12,000 crore.

Corporate bond trading also remained lacklustre.