Re ends firmer at 44.57/$

MARKETS REPORT

The government securities market remained bearish since the banks were struggling to arrange funds going forward into long holiday.

Prices of government securities remained rangebound within a band of 4-5 paise, mostly in the benchmark segment.

The yield on the 10-year benchmark paper closed at 7.59 per cent.

Call rates ruled at a high of 11-12 per cent even as the RBI injected around Rs 23,000 crore .

Incidentally, the RBI also managed to receive surplus liquidity of Rs 2800 crore from the market.