Re slips to 43.45/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43.72/75 to a dollar on Thursday.

Sentiment: Choppy

• The spot rupee opened at 43.68 and inched up to 43.62 on forex inflows. The currency slipped to close at 43.7350/7450 on dollar buying.
• Forward premiums came off, with the six-month and one-year dollars closing at 1.99 per cent and 1.63 per cent, respectively.

Money market

Sentiment: Bullish

• Government paper prices remained flat on Wednesday, while heavy buying was seen in the gilts market.
• Prices across maturities moved in the range of 10-15 paise.
• Call rates remained at 4.70/80 per cent and reverse repo bids was at Rs 14,000 crore.
• The 10-year benchmark 7.38 per cent 2015 paper closed at 6.52 per cent.