Re ends lower at 46.31/$

MARKETS REPORT

Government securities market ended on a bullish note buoyed by the statements made by the central bank governor.

The 10-year benchmark 7.37 per cent 2014 closed at 6.08 per cent.

Prices of long-term gilts moved up by Rs 1.20 and the medium term rallied by 50-60 paise.

The repo subscriptions touched above Rs 20,000 crore.

Corporate bond market was abuzz with activity with banks and mutual funds buying corporate papers.