Re slumps to 44.41/$

MARKETS REPORT

Forex market

Sentiment: Volatile

The spot rupee opened at 44.20/ 22 but fell to a low of 44.44 following dollar demand before closing at a low of 44.41.

Forward premiums closed at 0.79 per cent and 0.68 per cent for six-month and one-year dollars, respectively.

Money market

Sentiment: Bearish

The prices of the government securities rallied post auction cancellation on Thursday .

The prices of government securities went up by 30-35 paise on the medium-term and long-term papers.

The ten-year benchmark 7.38 per cent 2015 paper closed at 7.09 per cent while 7.37 per cent 2014 paper was the top-traded security.

Call money rates remained comfortable at 5.05 per cent.

Corporate bond market remained laclustre with yields firming up tracking the government securities.