Re slips to 43.83/$

MARKETS REPORT

Forex market

Outlook
The rupee is expected to trade in the range of 43.81/43.83 on Thursday.

Sentiment: Cautious

Rupee closed weak at 43.8150/43.8350 per dollar after opening at 43.7100/43.7200 against the greenback.

The six-month forwards edged up by 8 basis points to 2.09 per cent compared with its previous close of 2.01 per cent.

Money market

Sentiment: Mixed

Call money rates closed flat at 4.60-4.80 per cent after opening higher at 4.70-4.90 per cent.

Gilt yields slipped after crude prices declined and traders expected good response for on-tap sale of 20 state loans.

The benchmark 10-year 7.38 per cent gilt yield was dealt at 6.55 per cent.

Corporate bond yields inched up on selling by foreign banks and traders.