Re ends lower at 44.46/$

MARKETS REPORT

The government securities market remained rangebound on concerns of liquidity crunch following outflow towards advance taxes.

The top traded 8.07 per cent 2017 gilt closed at 7.39 per cent.

Call rates ruled easy at 5.90/6 per cent and collateralised lending and borrowing rates at 5.50 per cent.

Corporate bond market remained dull.

The bearishness in the market continued even after the yield on 10- Year US treasury bond closed lower at 4.65 per cent against its earlier close of 4.73 per cent.