Re ends higher at 43.67/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43.69-73 to a dollar on Wednesday.

Sentiment: Bearish

• The spot rupee opened at 43.71/72 on Monday and rose to 43.67 before closing at the opening level.
• Premiums on forward dollars closed lower with the six-month and one-year dollars closing at 1.56 per cent and 1.36 per cent, respectively.

Money market

Sentiment: Bearish

• The gilts market opened bullish on Monday, but profit booking led to a fall in prices.
• Prices of gilts across maturities remained flat.
• The 10-year benchmark, 7.38 per cent 2015 paper yield closed at 6.53 per cent.
• Reverse repo bids came down to around Rs 20,000 crore prior to the advance tax flows.