Re ends lower at 45.19/$

MARKETS REPORT

Sentiment: Bullish

The spot rupee opened at 45.45 against the dollar and hit a low of 45.14 following robust forex inflows, before closing for the day at 45.19

The annualised premiums on six-month and one-year forward dollars closed at 1.04 per cent and 1.10 per cent, respectively

Money market

Sentiment: Bullish

Gilt prices declined by 5-10 paise across all maturities due to rising yields of the US treasury bonds

Yield on the 10-year bond closed at 7.50 per cent

Call rates ruled at 5.5/5.6 per cent with the RBI absorbing around Rs 62,000 crore

The cut-off yield on the 91-day t-bill remained at 5.65 per cent