Re moves up to 43.45/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43.55/58 to a dollar on Tuesday.

Sentiment: Dull

• The spot rupee opened at 43.50/51 and closed at 43.52/53 before losing to 43.54 to a dollar.
  
• Six-month and one-year forward premiums closed at 1.54 per cent and 1.36 per cent respectively.

Money market

Sentiment: Bearish

• Prices of government securities recovered marginally following buying at low prices.
  
  
• Prices of long and medium-tenure papers moved up by 15-20 paise, whereas short-tenure papers rose 10 paise.
  
  
• The 10-year 7.38 per cent 2015 gilt closed at 7.20 per cent.
  
  
• Call rates ruled higher at 5.25/30 per cent with reverse repo bids at Rs 3,600 crore.
  
  
• The corporate bond market ruled lacklustre.