Trading volumes dip

MARKETS REPORT

Forex market

Outlook: The spot rupee is likely to open in the range of 46.25/30 to a dollar today.

Sentiment: Lacklustre

• The spot rupee opened at 46.30/32 and appreciated a bit to close at 46.27/28 to a dollar.
• Forward premiums closed rangebound with the six-month and one-year forwards closing at 2.35 per cent and 1.82 per cent, respectively.

Money market

Sentiment: Lacklustre

• The gilts market was lacklustre with few trades and less volumes.
• There was a movementof 6-7 paise across maturities.
• The 10-year benchmark 7.37 per cent 2014 security closed at a yield of 5.92/93 per cent.
• Call money rates were comfortable in the range of 4.20-30 per cent.
• Few deals were seen in corporate bonds.