Re steady at 43.51/$, gilts decline

The spot rupee closed on a steady note at 43.51 per dollar.

Sentiment was bearish in the government securities market today.

The 10-year, 7.38% 2,015 bond closed at  an yield of 7.24%.

Call rates closed at 5% after touching a high of 5.25-5.30%. Reverse repo bids totalled Rs 3,700 crore.