Re ends higher at 44.67/$

MARKETS REPORT

Outlook:
The spot rupee is expected to open in the 44.62-44.68 band against the dollar on Monday.

Sentiment: Bearish

The spot rupee opened at 44.65-45.66 against the dollar and fell to a low of 44.71-44.72 before closing higher at 44. 66-44.67 following dollar inflows into the market.

The annualised premiums for six-month and one"�year forward dollars closed at 2.10 per cent and 1.99 per cent, respectively.

Money market

Sentiment: Bearish

Concern over inflation and expectation of interest rate hike pulled down the market sentiment.

Prices of government securities across maturities fell by 20-25 paise.

Yield on the ten-year paper closed at 7.42 per cent.

Call rates ruled at around 6.15-6.20 per cent with the RBI absorbing around Rs 15,000 crore from the market.

The RBI announced the auction of 7.37 per cent 2014 and 8.33 per cent 2036 to raise Rs 9,000 crore from the market on December 8.