Market Reports

Money market

Sentiment: Neutral

Gilt prices edged up by 5-10 paise. Liquidity was the driving factor for the market.

The 7.27 per cent 2013 gilt closed at 5.629 per cent against 5.635 per cent the previous day.

Call rates ruled easy in the 4.75-5 per cent band.

Forex market

Market Sentiment: Bullish

The rupee ended almost flat at 46.1150/1250 to a dollar as against with the previous close of 46.1250/1350. Month-end demand led the unit to touch an intraday low of 46.1700/1750.

Outlook

The rupee is expected to hover in the 46.09-46.15 band against the greenback. Trading is expected to be thin due to bandh in Mumbai on Wednesday.