Rupee, gilts slip

MARKETS REPORT

Forex market

Outlook
The rupee is likely to open at same levels as today, but will depend on euro movement.

Sentiment: Bearish

The rupee opened at 43.96/97 levels and hovered in the range of 43.94 - 43.96 levels.

The 6-month premium closed at 0.85 per cent and 12-month at 0.76 per cent

Money market

Sentiment: Bearish

Call money rates closed lower at 5.00-5.10 per cent.

The Reserve Bank of India mopped up Rs 18,460 crore by accepting 34 bids at the one-day reverse repo auction

The benchmark 10-year yield closed at 6.96 per cent

Gilt prices fell by 15 paise because of rising yields on US treasury notes.