Re moves up to 43.82/$, bonds rally

The spot rupee appreciated tracking the dollar depreciation globally   by closing at 43.81/82 per dollar.

Sentiment was bullish in the government securities market today. With the inflation figure at 6.39% below the RBI forcast of 6.50%, gilt prices across-the-board went up by 35-40 paise.

The 7.38% 2,015 bond closed at an yield of 6.53%.

Call rates were soft, and funds were available at 3-3.5%. Reverse repo bids were around Rs 29,000 crore.