Re slips to 43.80/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is likely to open in the range of 43.77/81 to a dollar.

Sentiment: Volatile

• The spot rupee opened at 43.68/69 on Thursday, but slipped to 43.83 on the back of dollar buying by RBI. It closed at 43.79/80.
• Forward premiums softened owing to dollar sales by exporters with the six-month and one-year dollars closing at 1.81 per cent and 1.52 per cent, respectively.

Money market

Sentiment: Bullish

• Government security prices rallied on Thursday with buying demand coming in from nationalised banks.
• Prices of long-term gilts jumped up by almost Re 1, while medium and short-term papers moved up by 40-60 paise and 20-25 paise, respectively.
• The 10-year benchmark 7.38 per cent 2015 paper ended at 6.46 per cent as against its Wednesday's close of 6.53 per cent.
• Call rates ruled in the range of 4.70/75 per cent.