Re steady at 43.52/$

MARKETS REPORTS

Forex market

Outlook: Outlook The spot rupee is expected to open in the range of 43. 51/54 to a dollar on Monday.

Sentiment: Dull

• The market ended flat with spot rupee opening and closing at 43.5150/5250 to a dollar.
• Forward premia also closed flat with six month and one year dollars at 1.52 per cent and 1.33 per cent respectively.

Money market

Sentiment: Bearish

• With RBI governor reiterating on stance on the monetary indicators, the prices of government securities moved up .
• The prices in the long term papers moved up by 40-50 paise whereas the short end witnessed an increase of 10-15 paise.
• The ten year paper 7.38 per cent 2015 closed at 7.16 per cent as against a close of 7.20 per cent on Thursday.
• Call rates ruled easy at 5/5.10 per cent with reverse repo bids at Rs 7365 crore.