Re slips from yesterday's close to 43. 53/$

MARKETS REPORT

Forex market

Outlook
The spot rupee is expected to open in the range of 43. 52/55 to a dollar on Friday.

Sentiment: Dull

The spot rupee opened and closed at 43. 53 after reaching the day's low of 43.55 to a dollar.

Importers rush for dollars saw the six-month and one-year forward premiums closing at 1.30 per cent and 1.20 per cent respectively.

Money market

Sentiment: Volatile

Profit booking by bond dealers pulled down gilt prices across the board.

Prices of long-term papers fell by almost Re 1, whereas medium and short-tenure prices moved down by 15-40 paise.

The 10-year 7.38 per cent 2015 gilt closed at 6.82 per cent against 6.79/80 on Wednesday.

Call rates ruled at 5.05/10 per cent.

Reverse repo bids came down to Rs 12,170 crore following reporting Friday and cautiousness towards advance tax ouflows next week.