Re ends weak at 43.74/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43.72/76 to a dollar on Monday.

Sentiment: Bearish

• The spot rupee opened at 43.82 to a dollar on Thursday but lost to close at 43.74, backed by dollar selling by banks to liquidate positions before the long week-end.
• Forward premiums closed higher with the six-month and one-year closing at 1.55 per cent and 1.36 per cent, respectively.

Money market

Sentiment: Bullish

• Backed by the Union finance minister's statement that the interest rate scenario will not change in the next six months, prices in the bond market shot up on Thursday.
• Prices of long-term papers moved up by 30-40 paise, while short and medium-term papers went up by 25-30 paise.
• The 10-year benchmark, 7.38 per cent 2015 paper closed at 6.65 per cent as against 6.72 per cent on Wednesday.
• Call rates shot up to five per cent, but eased later during the day. Reverse repo bids were at Rs 12,000 crore.