Re ends nine-year high at 41.18/$

MARKETS REPORT

The government securities market rallied as the RBI refrained from hiking the base rates in the monetary policy today but firmed up later with increased amount of MSS.

The yield on 10-year paper closed at 8.02 per cent even as it reached an intraday day high of 7.96 per cent.

Call rates rose ruled easy in the range of 6.75 per cent