Re slips to 43.73/$, gilts decline

Trading in the forex and bond markets was affected with PSU bank employees on a one-day strike today.

The spot rupee, which touched a high of 43.66 per dollar in intra-day deals, dropped to 43.73 per dollar ahead of the US Fed meet.

The government securities market witnessed thin volumes, and prices declined on continued concerns over high crude prices.

While prices of long and medium term papers fell by 20-25 paise, short term papers dropped 10-15 paise.

The 10-year, 7.38% 2,015 closed at an yield of 6.71%.

While call rates were steady at 4.75%, reverse repo bids declined to Rs 18,000 crore.