Re ends flat at 45.96/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee may open on Wednesday closer to the 46 per dollar mark on Wednesday

Sentiment: Bearish

The spot rupee opened at Monday's closing level but weak equities weighed on the Indian currency

The rupee closed at 45.96 per dollar against Monday's 45.96

The premium on six-month and one-year forward dollars closed at 1.09 per cent and 1.19 per cent.

Money market

Sentiment: Bearish

Volumes in government bond market were thin on lack of buying interest.

Prices of bonds fell by around 5 paise across maturities.

The yield on the benchmark 10-year gilt closed nearly flat at 7.92 per cent.

The overnight call rate too was flat at 5.80 per cent. RBI absorbed around Rs 42,195 crore through reverse repo auctions.