Re ends at 44.13/$

MARKETS REPORTS

Outlook: The rupee is expected to trade in the range of 44.00 to 44.20 to the dollar on the back of strong FII inflows and easing oil prices.

Sentiment: Bullish

• The spot rupee posted smart gains to end the day strong at 44.11/44.13 to the dollar.
• The currency hit an intra-day high of 44.05 but erased gains after Sebi capped FII investment in corporate debt at $500 mn.

Money market

Sentiment: Optimistic

• After opening bullish, gilts slumped on Sebi's decision to cap FII investment in corporate debt at $ 500 million.
• Sentiments in the bond market was positive after the government decided to cancel the scheduled bond auction worth Rs 8,000 on November 30.
• Yield on the benchmark 10-year paper, after hitting an intra-day low of 6.68 per cent, ended the day at around 6.82 per cent.
• The sharp slide in global crude oil prices has revived hopes of a further dip in inflation. The benchmark 10-year yield is expected to trade in the range of 6.82 to 6.86 per cent.