Re steady at 43.55/$, gilts decline

The spot rupee, which dropped to a low of 43.57 per dollar in intra-day deals, closed on a steady note at 43.55 per dollar today.

Apprehensions of reverse repo rate hike in the credit policy review next week resulted in lacklustre trading in government securities today.

While prices of long and medium term papers fell by 15-20 paise, short-term papers moved by only 5-10 paise.

The 10-year, 7.38% 2,015 bond closed at an yield of 7.17%.

Call rates ruled easy at 5.05-5.10%, and reverse repo bids went up to around Rs 19,000 crore.