Re falls to 43. 83/$

MARKETS REPORT

Forex market

Outlook
The spot rupee is expected to open in the range of 43. 82/85 to a dollar on Monday.

Sentiment: Bearish

The spot rupee fell in line with all other currencies against the dollar. It opened at 43.79/80 and reached the day's low of 43.86 before closing at 43. 82/83.

Forward dollars inched up with the six-month and one-year premiums closing at 1.85 per cent and 1.55 per cent.

Money market

Sentiment: Bearish

Prices of government securities fell in selected counters while many gilts remained illiquid.

There were hardly any trades in the 10-year benchmark 7.38 per cent 2015 which closed at 7.06 per cent.

The day witnessed the highest trades in 6.85 per cent 2012.

Call rates inched up to 5 per cent on the reporting Friday, while reverse repo bids were at around Rs 25,000 crore.