Re ends flat at 45.04/$

MARKETS REPORT

Forex market

Outlook
The rupee is seen moving around the 45 level against the greenback on Thursday.

Sentiment: Bullish

The rupee ended flat at 45.04 per dollar, compared with 45.06 on Tuesday. The currency hit to an intraday high of 44.99, from where it slid sharply on RBI intervention.

The annualised premium on six-month dollar closed 24 basis points lower at 1.17 per cent.

Money market

Sentiment: Bullish

Government security prices lost 20-60 paise across the board on selling pressure.

The yield on the benchmark 7.38 per cent 2015 paper closed higher at 7.18 per cent, compared with 7.14 per cent on Tuesday.

Call money rates closed near the reverse repo rate of 4.75 per cent.

RBI interventions in the forex market and redemptions of treasury bills infused liquidity. This led to RBI sucking Rs 5,520 crore of liquidity through reverse repo.