Re ends tad higher at 46.53/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the range of 46.52-56 on Monday .

Sentiment: Dull

The spot rupee opened at 46.55/56 but closed a tad higher at 46.52/53 to a dollar.

The annualised premiums on six-month and one-year forward dollars closed at 1.38 per cent each.

Money market

Sentiment: Bullish

Prices of government securities remained rangebound following profit-booking by market players.

Across maturities, the prices fell in a range of 10-20 paise.

The yield on the ten-year paper closed at 7.8750 per cent.

Call rates ruled around 6.05-6.10 per cent with the RBI absorbing around Rs 40,000 crore from the banking system.

The US non-farm payroll data, which was above market expectation, painted a bearish outlook in the market.