Re touches 44.98/$ in intra-day trades

MARKETS REPORT

Forex market

Sentiment: Bearish

• Spot rupee opened at 44.85/86 to a dollar but closed lower at 44.87/89 after touching an intraday low of 44.98 to a dollar.
• Six month and one year dollars closed at a forward premium of 0.53 per cent and 0.51 per cent respectively.

Money market

Sentiment: Bullish

• Buying by nationalised banks perked up sentiment in the Gilts market.
• Prices of the long term papers up 40 paise; medium term papers remained rangebound within a band of 10 paise.
• The 10-year paper 7.38 per cent 2015 closed at 7.15 per cent.
• Call money rates remained at 5.05 per cent with reverse repo bids at Rs 17,915 crore.
• Corporate bond market remained lacklustre.
• The 8.07 per cent 2017 and 10.25 per cent 2021 were the top traded security.