Re closes lower at 43.75/$

MARKETS REPORTS

The rupee is expected to trade in the range of 43.70-75 on Monday.

Sentiment: Bearish

• The rupee closed lower at 43.74/75 on Friday from its intra-day high of 43.7050 against a dollar.
• Forward premiums were lacklustre with the six-month forward closing at 1.72 per cent and the 12-month forward ending at 1.47 per cent.

Money market

Sentiment: Bearish

• Gilt prices gained by 10-15 paise in intra-day trades on Friday due to buying interest and inflation data but fell later on selling pressure from traders.
• The 10-year benchmark, 7.38 per cent 2015 paper closed higher at a yield of 6.62 per cent against an intra-day low of 6.59/60 per cent.
• Call money rates were easy in the 4.55-4.60 per cent range.
• The Reserve Bank of India (RBI) sucked out surplus liquidity worth Rs 41,000 crore from the system.