Re moves up to 43.48/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43. 48 to a dollar on Monday.

Sentiment: Dull

• The spot rupee opened at 43.4950/5050 and closed a tad higher at 43.4850/49 to a dollar.
• Premium on forwards went up owing to inter-bank buying with the six-month and one-year dollars closing at 1.53 per cent and 1.35 per cent respectively.

Money market

Sentiment: Bearish

• Apprehension of an auction next week led to a bearish sentiment in government securities.
• Prices of long-tenure papers fell by 30 paise, whereas short-tenure papers moved down by 40 paise.
• The 10-year 7.38 per cent 2015 gilt closed at 6.94 per cent.
• There was no call market transactions or reverse repo as RBI was closed for market operations.
• Corporate bond market did not see any major trades.