Re slips to 43.63/$

MARKETS REPORT

Forex market

Outlook: The spot rupee is expected to open in the range of 43.61/64 to a dollar on Tuesday.

Sentiment: DULL

• Correction in the equity market led to the spot rupee opening at 43.58/59 and closing a lower at 43.62/63 to a dollar.
• The six-month and one-year forward dollars closed at 0.52 per cent and 0.66 per cent respectively.

Money market

Sentiment: Dull

• Government securities prices moved in a range of 2 to 3 paise.
• The most active 10.25 per cent 2021 gilt also moved down by 10-15 paise.
• The 10-year 7.38 per cent gilt 2015 closed at 7.07 per cent.
• The reverse repo bids amounted to Rs 29,000 crore and, thus, call rates ruled comfortable at 5.05 per cent.
• The corporate bond market remained lacklustre.