Re closes marginally higher at 43.72 /$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43. 70/73 to a dollar.

Sentiment: Dull

• The spot rupee opened at 43.72/73 and gained a shade to close at 43.71/72 to a dollar.
• Premium on forward dollars came off tracking the spot rupee with the six-month and one-year premiums closing at 1.63 per cent and 1.46 per cent respectively.

Money market

Sentiment: Bearish

• Players sold government securities to lighten their portfolio ahead of the credit policy.
• The benchmark 10-year 7.08 per cent 2015 closed at 7.13 per cent .
• Prices of long and medium term government securities fell by 15-20 paise.
• Call rates stayed soft at 4.7 per cent with reverse repo bids at Rs 29,000 crore.
• There was no trading in the corporate bonds segment today.