Re slips to 45.82/$

MARKET REPORTS

Forex market

Outlook: The spot rupee is likely to open in the range of 45.80/ 85 to a dollar on Monday.

Sentiment: Bullish

• The spot rupee ended the day weaker at 45.82 per dollar today as against yesterday's close of 45.73/ 75 on the back of strong demand for greenback by corporates.
• The six-month forward premium closed at 0.63 per cent while the 12-month premium closed at 0.50 per cent.

Money market

Sentiment: Bullish

• Prices of short tenure government securities fell due to liquidity crunch and a rise in domestic inflation.
• The yield on 10-year government paper closed at 7.08 per cent.
• Inflation rose marginally to 4.2 per cent for the week ended November 12 from 4.14 per cent in the previous week due to a rise in minerals and non-food essential items prices.
• Call rates closed around the reverse repo rate at 3.00/ 4.00 per cent on account of reporting Friday.
• RBI accepted 21 bids aggregating to Rs 3,685 crore at the three-day reverse repo auction at 5.25 per cent.