Re ends weaker at 44.73/$

MARKETS REPORT

Forex market

Outlook:
The spot rupee is expected to open in the range of 44.69-44.73 against the dollar on Monday.

Sentiment: Dull

The spot rupee opened at 44.68-44.69 and thereafter lost to close at a low of 44.72"�44.73 against the dollar

The annualised premiums for six-month and one-year forward dollars closed at 2.14 per cent and 2.05 per cent, respectively

Money market

Sentiment: Lacklustre

The market remained cautious and witnessed lacklustre trading owing to the auction to be held on Friday

Prices of government securities fell by 5-6 paise in benchmark securities while it remained flat in other papers

Prices of government securities remained rangebound following lack of trading interest

Yield on the ten-year paper closed at 7.39 per cent

Call rates opened at 6.10 per cent but moved up during the day following excessive demand and closed at 6.30 per cent.

The RBI absorbed around Rs 16,000 crore from the market

While 7.37 per cent 2014 stock got auctioned at a cut-off yield of 7.31 per cent, 8.33 per cent 2036 government stock fetched a cut-off yield of 7.63 per cent