Re finishes stronger at 43.77/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43.76/78 to a dollar.

Sentiment: Dull

• The spot market remained rangebound after opening at 43.72 and closing at 43.76/77 to a dollar.
• The six-month and one-year forward dollars closed at 2.25 per cent and 1.8 per cent.

Money market

Sentiment: Bearish

• With no fresh triggers in the market , prices remained rangebound.
• Prices of government securities across maturities moved in a band of 5-7 paise.
• The benchmark 10-year 7.38 per cent 2015 gilt closed at 6.74 per cent.
• Call money rates ruled in the range of 6.65/75 per cent with reverse repo subscriptions at Rs 17,000 crore.