Volatile rupee ends at 43.91/$

MARKETS REPORT

Forex market

Outlook: Traders expect the Re to open at 43.95-43.97 on Monday, depending upon the extent of euro appreciation.

Sentiment: Positive

• The rupee opened the day at 43.93/95, touched an intra-day high of 43.96/97 and closed the day at 43.9050/9150.
• The six month premium closed at 0.87 while the annualised premium ended at 0.78.

Money market

Sentiment: Bearish

• Call money rates soar to 5.40 per cent
• The reverse repo amount shrunk to Rs 9,000 crore on account of tight liquidity.
• The government securities market witnesses a choppy trade because of tight liquidity
• The yield on the 10-year benchmark gilt hovered around 7 per cent