Re firms up to 43.74/$, gilts decline

The spot rupee, which opened at  43.78 per dollar, closed higher at 43.74 per dollar due to steady inflows.

Sentiment was bearish in the government securities market today. Prices declined 60-70 paise across maturities.

The 10-year, 7.38% 2,015 bond closed at an yield of 6.96% as against the close of 6.83% on Wednesday.

Call rates were comfortable at 4.70-4.80% with reverse repo bids totalling Rs 25,000 crore.