Re ends at 44.94/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the range of 44.90-95 on Monday.

Sentiment: Bullish

The spot rupee opened at 44.89/91 and fell to 44.97/98 before closing for the day at 44.93/94 to a dollar.

The premiums on six-month and one-year forward dollars closed at 1.25 per cent.

Money market

Sentiment: Bearish

The government securities market remained rangebound with lacklustre trading.

There was a net fall of 10-15 paise in gilt prices during the day.

The interbank call money rates ruled at around 5.5 -5.6 per cent.

RBI absorbing around Rs 70,000 crore from the system.

The yield in the 10-year paper 7.59 per cent 2016 gilt closed at 7.54 per cent.

Corporate bond market remained dull with few trades in the secondary market.