Re finishes on a weak note at 43.73/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43. 71/74 to a dollar.

Sentiment: Bearish

• The rupee ended on a weak note at 43.7200/43.7300 per dollar after opening lower at 43.7150/43.7250.
• Forwards also inched up sharply with six-month and one-year premiums closing at 2.25 per cent and 1.87 per cent, respectively.

Money market

Sentiment: Bearish

• With oil prices moving up, government securities prices remained subdued with moderate buying demand.
• Prices in long term bonds fell by 20-25 paise whereas the fall was 15-20 paise in the short and medium term.
• The benchmark 0-year 7.38 per cent 2015 closed at 6.72 per cent against 6.70 per cent on Monday.
• Call money rates at 4.75 per cent whereas reverse repo bids were at Rs 19,000 crore.