Re slips to 43.66/$, gilts decline

The spot rupee slipped 3 paise to close at 43.66 per dollar on demand from PSU banks and corporates after crude prices crossed the $57 per barrel mark today.

Inflows from foreign funds checked any major fall in the rupee, dealers said.

Bond prices fell by 30-50 paise after the unexpected spurt in crude prices.

The 10-year, 7.38% 2,015 bond closed at an yield of 6.68%.

Liquidity was comfortable with call rates steady at 4.60-4.80%. The RBI accepted reverse repo bids totalling Rs 36,155 crore.