Spot rupee ends at 46.07/$

MARKETS REPORTS

Forex market

Outlook:
The spot rupee is expected to open in the range of 46.04-10 to a dollar.

Sentiment: Volatile

The spot rupee opened at 45.94 but demand from oil companies and custodian banks brought it down to 46.07 to a dollar.

The annualised premiums on six-month and one-year dollars closed at 1 per cent and 1.12 per cent respectively.

Money market

Sentiment: Dull

Apprehensions of announcement of scheduled auction led to lacklustre trading.

Prices of government securities fell by 5-7 paise across maturities.

The yield on 10-year paper closed at 8.12 per cent.

Call rates ruled around 5.8/5.9 per cent with the RBI absorbing around Rs 54,000 crore.

There was not much trading in corporate bonds.