Re slips to 43.91/$; gilts steady

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the range of 43. 89/92 to a dollar on Wednesday.

Sentiment: Bearish

• The spot rupee opened at 43. 84/85 to a dollar and closed at a low of 43. 9050/9150 to a dollar.
• Premium on forward dollars closed with six month and one year at 0.68 per cent and 0.67 per cent respectively.

Money market

Sentiment: Dull

• Prices of government securities moved in a range of 7-8 paise.
• The price movement was restricted to 10.25 per cent 2021 and 5.69 per cent 2018.
• The ten year closed at 7.02 per cent .
• Call money rates closed at 5.05 per cent with reverse repo bids at Rs 41,000 crore.
• Corporate bond market was active with closure of Rs 1000 crore issue by Indian coil corporation.