Re slips to 43.55/$, gilts rally

The spot rupee opened at 43.53 per dollar, and closed at a low of 43.55 per dollar following corporate demand.

Prices of government securities moved up after the cut-off yield announcement of 7.80% at the auction of 10.25% 2,021 paper.

The prices of long and medium term papers went up by almost Re 1 and 45 paise, respectively. 

 The 10-year, 7.38% 2,015 bond closed at an yield of 7.16%.

Call rates closed at 5.05-5.10%, and reverse repo bids moved up to Rs 17,000 crore.