Re up a notch at 43.72/$, gilts decline

The spot rupee closed a shade higher at 43.72 per dollar today.

Sentiment was bearish in the government securities market today as banks cut trading portfolios ahead of the credit policy later in the week. Prices of long and medium term securities fell 15-20 paise.

The 10-year, 7.38% 2,015 bond closed at an yield of 7.13%.

Call rates were steady at 4.70%, and reverse repo bids totalled Rs 29,000 crore.