Re slips to 43.55/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43.52-56 to a dollar on Tuesday.

Sentiment: Dull

• The spot rupee opened at 43.52/53 to a dollar and closed at a low of 43.54/55 following corporate demand.
• Forward premiums closed flat with six-month and one-year dollars at 1.46 per cent and 1.31 per cent, respectively.

Money market

Sentiment: Bullish

• The prices of government securities perked up with the cut-off yield announced in the auction of 10.25 per cent 2021 paper.
• The prices of the long and medium-term papers went up by almost Re 1 and 45 paise, respectively, after the auction.
• The ten-year 7.38 per cent 2015 paper closed at 7.16 per cent.
• Call rates closed at 5.05 /10 per cent with reverse repo bids at Rs 17,000 crore.
• The auction of 10.25 per cent 2021 paper was cleared at a cut-off yield of 7.80 per cent.