Re ends at 45.92/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the range of 45.91-95 to a dollar.

Sentiment: Bullish

Even as the dollar strengthened globally against yen, spot rupee remained rangebound by opening at 45.90 and closing around 45.91/92 after reaching an intraday low of 45.94 to a dollar.

The annualised premium for six-month and one-year forward dollars closed at 1.23 per cent and 1.30 per cent respectively

Money market

Sentiment: Bullish

Heavy profit-booking by banks and apprehension of the announcement of government auction next week triggered selling pressure in the market.

Prices of government securities fell by 20-25 paise across maturities.

The yield on the 10-year paper closed at 7.62 per cent against a close of 7.5950 on Wednesday.

The call rates ruled around 6.35-40 per cent while the RBI absorbed around Rs 17,405 crore from the market.

The banks were seen booking profit of their investment to prepare for the September-end results.