Re steady at 43.72/$, gilts decline

The spot rupee, which hit an intra-day high of 43.67 per dollar, closed on a steady note at 43.72 per dollar today.

Sentiment was bearish in the government securities market today.

While prices of long-term papers fell by  almost Re 1, medium and short term papers witnessed a decline of 60-70 paise and 20-30 paise, respectively.

The 10-year, 7.38% 2,015 bond closed at an yield of 6.65% as against the previous close of 6.55%.

Call rates closed steady at 4.60-4.70%, and reverse repo bids totalled Rs 40,600 crore.