Rupee ends marginally lower

MARKETS REPORT

Forex market

Outlook
The rupee is expected to open between 46.32 and 46.35 against the greenback on Tuesday.

Sentiment: Dull

The rupee opened at 46.31/32 per dollar and ended marginally lower at 46.3450/3550.

Premiums on forward dollars went up slightly. Annualised premiums on six-month and one-year dollars closed at 1.97 per cent and 1.77 per cent respectively.

Money market

Sentiment: Bullish

Government security prices rallied initially but consolidated gains during the end of the day after the annoucement of auctions.

Prices of long-term papers moved up by 90 paise but fell back to opening levels, while those of medium-term securities hovered in 50-60 paise band.

The yield on the ten year benchmark paper, 7.37 per cent 2014, closed marginally higher at 5.91 per cent.

Call money rates ended comforbatle at 4.20-4.30 per cent.