Re ends at 45.09/$

MARKETS REPORT

Outlook: The spot rupee is expected to open in the range of 45.06-45.11 to a dollar.

Sentiment: Bearish

Following a global appreciation of the dollar against major currencies, the spot rupee opened lower at 44.98 as against Wednesday's close 44.93-94. It further fell to close at 45.09 to a dollar.

The premium on the six-month and one"�year forward dollars closed at 1.20 per cent and 1.21 per cent respectively.

Money market

Sentiment: Bearish

The 25 basis point hike in Fed rate on Wednesday, followed by hawkish statements, bogged the market down.

The prices of gilts fell by 15-20 paise.

The yield on the 10-year paper closed higher at 7.53 per cent as against 7.49 per cent on Wednesday.

Call rates ruled at around 5.5-5.6 per cent with the RBI absorbing around Rs 61,600 crore from the market.

The corporate bond market remained lacklustre.