Re ends flat at 44.54/$

MARKETS REPORT

Sentiment: Dull

The spot rupee opened at 44.53/54 and closed at the same levels after reaching an intra-day low of 44.5750 to a dollar.

With easy liquidity, the premium for booking forward dollars came off with six-month and one-year dollars quoting at 1.70 per cent and 2 per cent.

Money market

Sentiment: Bullish

Prices of government securities remained volatile during the day, registering an upward price movement of 6-7 paise.

The top traded 8.07 per cent 2017 gilt closed at 7.38 per cent.

With improvement in liquidity, call rates came down from highs of 7.25 per cent to 6.90/95 per cent.

Corporate bond market was lacklustre.

The RBI infused liquidity of Rs 18,000 crore into the system.