Re slips to 43.73/$

MARKETS REPORT

Forex market

Outlook: The spot rupee is expected to open in the range of 43.69/72 to a dollar on Monday.

Sentiment: Bullish

• The spot rupee opened at 43.68/69 on Friday, but slipped to close at 43.72/73 on the back of dollar buying by PSU banks.
• The six-month and one-year forward dollars closed at 1.57 per cent and 1.38 per cent, respectively.

Money market

Sentiment: Bullish

• Government security prices remained range-bound on Friday, awaiting for triggers from the Budget.
• There was a movement of three-four paise across all maturity of papers.
• The 10-year benchmark 7.38 per cent 2015 paper closed at 6.50 per cent.
• Call rates ruled in the 4.65/75 per cent range, while reverse repo bids were at around Rs 26,000 crore.
• There was brisk trading in corporate bonds as the market feels the short-term one-year bond might be kept out of the debt market ceiling for FIIs.