Re steady at 43.81/$, gilts rally

The spot rupee, which moved up to 43.79 per dollar in intra-day deals, closed on a steady note at 43.81 per dollar today.

Sentiment was bullish in the government securities market today. Gilt prices went up due to brisk buying by PSU banks. Prices of medium and short-term papers moved up by 20-35 paise.
The 10-year, 7.38% 2,015 bond closed at an yield of 6.66%.

Call rates were steady at 4.70%, and reverse repo bids totalled Rs  40,000 crore.