Re ends at 2-month low at 43.78/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43. 75/79 to a dollar on Wednesday.

Sentiment: Volatile

• The spot rupee opened at 43.65/66 and closed at a two-month low of 43.77/78 to a dollar.
• One-month premium went into a discount of -0.75 per cent but closed at 0.08 per cent following a cash dollar shortage.

Money market

Sentiment: Bullish

• The market witnessed lot of buying demand from public and private banks.
• Prices of government securities in long and medium-end went up by 20-30 paise.
• The 10-year paper 7.38 per cent 2015 closed at 6.98 per cent.
• Call rates ruled at 5.05 per cent, while reverse repo bids were at Rs 22,000 crore.
• The buying spree was triggered by major buying by the Life Insurance Corporation.