Re ends at 44.67/$

MARKETS REPORT

 Sentiment: Bearish

 

The spot rupee opened higher at 44.60/61 as against a close of 44.65/66 against the dollar last week, but weakened later to close at 44.66/67

In the forwards segment, premiums on the six-month and one-year dollars closed at 1.87 per cent and 1.69 per cent, respectively

 Money market
 Sentiment: Bearish

Ahead of the anticipated Fed rate hike and year-end valuation, the market reeled under a bearish sentiment

Banks sold gilts across all maturities

The yield on the 8.07 per cent 2017 paper closed higher at 7.42 per cent as against 7.37 per cent in the weekend

Call rates eased to 6.40 per cent

The corporate bond market remained lacklustre