Re slumps to 45.54/$

MARKET REPORTS

Forex market

Outlook: The rupee will open at 45.40 on Monday.

Sentiment: Bearish

• Rupee closed at 45.53/54 as Mumbai was the only working centre on Friday.
• The 6-month dollar forward premium closed at 0.36 per cent, while the 12-month premium closed at 0.38 per cent.

Money market

Sentiment: Bearish

• Call rates closed higher at 6 per cent as a large state-owned bank was mopping up funds.
• RBI mopped up Rs 6,785 crore at 3-day reverse repo auction.
• Gilt prices fell by 5 to 10 paise amid concerns about tightening of liquidity.
• The 10-year paper remained illiquid. The yield on 9-year paper was 6.9722 per cent at close.