Re ends firm at 44.13/$

MARKETS REPORT

Forex Market

Outlook:
The spot rupee is expected to open in the range of 44.09-15 to a dollar on Monday.

Sentiment:Bullish

Fuelled by foreign exchange inflows, the spot rupee opened at 44.06/07 but closed at a low of 44.12/13 following RBI intervention.

The annualised premium for six-month forward dollar closed at 3.38 per cent.

Money Market

Sentiment: Bullish

Post-monetary policy, euphoria continued with government securities witnessing a small rally.

Prices of government securities moved up in the range of 25 paise to Rs 1.25.

The yield on 10-year benchmark paper closed at 7.69 per cent against 7.72 per cent on Wednesday.

The call rates moved in a range of 7.80-7.90 per cent with the RBI infusing liquidity of Rs 7450 crore.

The central bank has announced the government security auction to mop up Rs 9,000 crore next week.