Re closed at 43.89/$

MARKETS REPORT

Call rates closed at 5-5.10 levels. Some stray deals were struck at 5.02/5.05 levels.

Benchmark yield closed at 6.9477 per cent at a price of Rs 102.6850.

Market did not react much to the 25 basis point hike by the Federal Reserve.

Dealers see no major changes in the market till the month-end, but foresee a rate hike in the RBI