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Re ends weak at 43.63/$

MARKETS REPORTS

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Our Banking Bureau Mumbai
Last Updated : Feb 06 2013 | 8:07 AM IST
 
Outlook: The rupee is expected to trade in a range of 43.65-45.70 on Friday.
 
Sentiment: Bullish
 
  • The spot rupee ended on Thursday at 43.65-43.66 to a dollar, down three paise from Wednesday's close of 43.62/43.63.
  • Dollar demand from state-run banks and corporates at the end of the day capped gains in the rupee.
  • Dollar inflows from foreign funds checked the fall in the rupee. Rupee premiums traded in a narrow range.
 
Money market
 
Sentiment: Bearish
 
  • Bond prices fell by 30-50 paise on Thursday owing to an unexpected spurt in the US crude prices to over $57 per barrel.
  • The yield of the 10-year benchmark, 7.38 per cent 2015 paper closed at 6.68 per cent, down from the opening level of 6.63/64 per cent.
  • The liquidity situation was comfortable with call rates comfortable at 4.60-4.80 per cent.
  • The Reserve Bank of India sucked out liquidity worth Rs 36,155 crore from the system.
 
 

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First Published: Mar 18 2005 | 12:00 AM IST

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