Re moves up to 43.48/$, gilts decline

The rupee opened at 43.49 per dollar, and moved a tad higher to close at 43.48 per dollar.

Apprehension of government auction next week led to bearish sentiment in the government securities market.

Prices of long-term papers fell by 30 paise while short-term papers declined by 40 paise.

The 10-year, 7.38%, 2015 paper closed at an yield of 6.94%.