Re slips to 43.80/$; bonds steady

The spot rupee slipped to 43.80 per dollar as against the last close of 43.77 per dollar on buying by PSU banks.

Even as the inflation rate came down below 7%, bond market players waited with curiosity for the auction cancellation.

Gilt prices remained flat across maturities. The 7.38% 2015 bond closed at an yield of 6.53/54%.

Call rates were steady at 5.85%, and reverse repo subscription was only Rs 2,500 crore.