Re steady at 43.55/$

MARKETS REPORTS

Forex market

Outlook: The spot rupee is expected to open in the range of 43.52-56 to a dollar on Tuesday.

Sentiment: Dull

Sentiment: Dull
• The spot rupee opened and closed at 43.54/55 after losing intra-day to 43.57 to a dollar.
• Forward premiums on dollars closed flat with six-month and one-year ending at 1.46 per cent and 1.32 per cent.

Money market

Sentiment: Dull

• Apprehensions of a reverse repo rate hike resulted in lacklustre trading in gilts.
• The prices of long and medium term papers fell by 15-20 paise whereas the short term papers moved by only 5-10 paise.
• The 10-year 7.38 per cent 2015 gilt closed at 7.17 per cent.
• Call rates ruled easy at 5.05/10 per cent, whereas reverse repo bids went up to around Rs 19,000 crore.
• Corporate bond market remained lacklustre.