Re slips to 45.15/$

MARKETS REPORT

Forex market

Outlook: The rupee is likely to open at 45.12/18 on Wednesday.

Sentiment: Bearish

• The spot rupee ended at Rs 45.14/15 on Monday as against Friday's close of 45.07/08, following dollar demand from oil companies
• Premiums on six-month and one-year dollar forwards ended at 0.38 per cent and 0.37 per cent, respectively

Money market

Sentiment: Bearish

• Call rates ended higher at 5.70 per cent since banks made excess provisions because of Diwali and Eid
• RBI accepted 21 bids and mopped up Rs 10,840 crore under liquidity adjustment facility
• Yield on 7.38 per cent 2014 stock ended at 6.97 per cent
• The gilts market remained flat because of the festival season and forthcoming auctions