Re moves up to 43.76/$, gilts decline

The spot rupee, which opened at 43.78 per dollar, closed a tad higher at 43.76 per dollar on steady inflows.

Sentiment was bearish in the government securities market.  Heavy selling of gilts by a private bank pulled the market down today. Prices of securities, across the board, fell by 25-30 paise.

 The 10-year, 7.38% 2,015 bond closed at a higher yield of 6.82% as against 6.73% on Tuesday.

Reverse repo bids totalled around Rs 31,000 crore.