Volatile rupee ends lower at 45.81/$

MARKETS REPORT

Outlook: The rupee is likely to open at 45.83/85 levels today.

Sentiment: Volatile

• The rupee opened at 45.73/75, hit 45.86/87 and closed at 45.8050/8150
  
  
• The six month annualised premium ended at 0.49 per cent and the annualised premium closed at the day at 0.44 per cent

Money market

Sentiment: Bullish </>

• The benchmark governemnt paper closed at 7.66 per cent
  
  
• As part liquidity adjustment, the central bank MSS auctions worth Rs 1,500 crore due to which nine-year yields closed at positive levels
  
  
• Call rates closed at the 6.20-6.40 per cent level since traders squared up their positions as the fortnight is coming to an end.
  
  
• Cash surpluses, which have been reduced to Rs 3,300 crore from more than Rs 20,000 crore on October 28, are expected to drop further due to the auction outflows