Rupee ends lower midst dull trading

MARKETS REPORT

Forex market

Market Sentiment: Dull

• The rupee opened at 45.30/32 per dollar and ended lower at 45.36/37. It hit an intraday high of 45.26.
• Annualised discount on six-month and one-year dollars closed at 0.62 per cent and 0.24 per cent respectively.

Money market

Sentiment: Dull

• RBI governor's comments on inflation failed to enthuse government securities market.
• Prices of long-term securities fell by 10-15 paise, while those of medium-term gilts lost 5 paise.
• The yield on the ten-year benchmark paper, 7.37 per cent 2014, closed at 5.19 per cent, higher then Monday's close of 5.18 per cent.