Re ends higher at 44.47/$

MARKETS REPORT

Prices of government securities remained flat during the day.

The yield on 10-year benchmark paper closed at 7.96 per cent .

Liquidity was abundant with call rates ruling around 5 per cent.

Market was cautious in locking up liquidity for longer term since next week will witness outflows towards advance tax outflows.

Some private banks raised funds through one-year CDs at 11.5 per cent.