Rupee closed slightly up at 43.56/$

MARKETS REPORTS

Forex market

Outlook: Higher crude prices and a weak euro are expected to cap any gain.

Sentiment: Weak

• Rupee closed slightly up, recovering from lows in early trade on easing crude prices.
• Rupee closed slightly up at Rs 43.56 per dollar, against Monday's close of Rs 43.58 and after a low of Rs 43.63.
• The six-month forward premium was 1.37 per cent, up from 1.32. Sentiment: weak

Money market

Sentiment: Bullish

• Rising crude prices triggered selling in gilts.
• The yield on the benchmark 7.38 per cent 2015 gilt was 4 basis points down at 6.87 per cent.
• Gilt prices closed up as dealers expect the auction of Rs 5,000 crore 7.49 per cent 2017 bond on Thursday to be smooth.
• Call rate was flat at 4.90 per cent on easy liquidity conditions
• Oil bonds hogged the limelight compared with gilts