Re ends a tad higher at 46.41/$

MARKETS REPORT

Sentiment: Bullish

The spot rupee opened at 46.43/44 to a dollar but moved in range to close a tad higher at 46.40/41 to a dollar.

The annualised premium on six-month and one-year forward premiums closed at 1.16 per cent and 1.25 per cent respectively.

Money market

Sentiment: Bearish

With the auction announcement slated only next week, the market witnessed a rally in government securities.

Prices across maturities moved up by 15-20 paise.

The yield on the 10-year benchmark paper closed at 8. 0850 against 8.20 per cent on Wednesday.

Call rates hardened a bit owing to outgo towards the auction outflow but stabilised around 6.05-6.10 per cent.

The RBI absorbed around Rs 39,000 crore from the market.