Re ends at 45.14/$

MARKETS REPORT

Outlook:
The rupee is expected to open at 45.10 against the dollar

Sentiment: Bullish

The rupee ended the day at 45.13/14 after having opened at 45.06/08 levels. There was some buying in the market, which pulled down the rupee to 45.26/28 in afternoon trades.

The six-month forward premium ended at 1.46 per cent as against yesterday's 1.37 per cent. Premium on 12-month forwards closed at 1.05 per cent

Money market

Sentiment: Bearish

Gilts were almost flat in thin trades today ahead of the IMD redemption today

Yield on the 8.07 per cent 12-year government paper was at 7.20 per cent. The nine year paper ended at 6.99 per cent

Call rates closed at 7 per cent amid tight liquidity in the domestic banking system

Dealers expect the RBI to continue the infusion of funds to tide over the liquidity crisis

The bank absorbed Rs 900 crore through its morning reverse repo auction and infused Rs 22,165 crore at 6.25 per cent