Rupee dips, Gilts end flat

MARKETS REPORT

Forex market

Outlook
The rupee is expected to open in the range of 45.47-50 against the greenback on Friday.

Sentiment: Bearish

• The rupee opened at 45.42/43 per dollar and closed lower at 45.4950 per dollar. It touched an intraday low of 45.55.
• Premiums on forward dollars remained rangebound. Annualised premiums on six-month and one-year dollars closed at 0.48 per cent and 0.45 per cent respectively.

Money market

Sentiment: Bearish

• Government security prices ended flat across the board.
• The yield on the ten-year benchmark paper, 7.37 per cent 2014, closed at 5.38 per cent.
• Call money rates fell to 3.70 per cent.
• Repo subscriptions stood at Rs 9,150 crore, while total outstandings were at Rs 56,905 crore.