Re ends marginally weaker at 40.76/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the range of 40.72-78 to a dollar.

Sentiment: Dull

The spot rupee opened at 40.80/81 but closed a tad higher at 40.75/76 to a dollar.

The annualised premiums for the six-month and one-year forward dollars closed at 2.78 per cent and 2.72 per cent, respectively.

Money market

Sentiment: Bearish

The government securities market witnessed selling pressure apprehending some liquidity tightening measures by the RBI.

The prices of securities fell by 5-10 paise across maturities.

The yield on the benchmark ten-year paper closed at 8.24 per cent.

Liquidity remained comfortable with call rates closing below 1 per cent at 0.25 per cent.

The cut-off yield on the 91-day t- bill figured at 7.19 per cent as against 7.77 per cent last week due to ample liquidity in the system.