Re inches to 43.71/$

MARKETS REPORT

Forex market

Outlook: The spot rupee is expected to open in the range of 43.69-72 to a dollar on Friday.

Sentiment: Moderate

• The spot rupee opened at 43.72/73 and inched up to close at 43.70/71 on the back of dollar sales by exporters. It fell to a low of 43.78 during the day.
• The six-month and one-year forward dollars closed at 0.71 per cent and 0.73 per cent respectively.

Money market

Sentiment: Bearish

• Prices of government securities ruled in the range of 7-8 paise in a lacklustre market.
• The 10-year 7.38 per cent 2015 giltclosed at 7.08 per cent.
• Reverse repo bids stood at Rs 29,000 crore with call money rates at 5.05 per cent.
• The 11.90 per 2007 was auctioned at a cut-off yield of 6.0467 per cent in line with the market expectation.
• The corporate bond market remained lacklustre.