Re ends slightly higher at 44.62/$

MARKETS REPORT

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

Sentiment: Dull

The spot rupee opened at 44.62/63 and closed at 44.61/62 after reaching an intra-day low of 44.58 against the dollar

Apprehension on liquidity led to paying interest in premiums following which the annualised premiums for six-month and one-year forward dollars closed at 2.25 per cent and 2.12 per cent, respectively

Money market

Sentiment: Bullish

Falling US yields triggered bullish sentiment in the government securities market

Prices of government securities moved up by 15-30 paise across all maturities

Yield on the ten-year paper closed at 7.39 per cent as against 7.42 per cent last week

Call rates closed at 6.15/25 per cent with the RBI absorbing around Rs 28,925 crore through reverse repo bids

The 10-year segment witnessed the maximum appreciation in prices