Sentiment turned bearish in the forex market today with the yuan revaluation rumour falling flat and dollar gaining globally over robust economic data.The spot rupee opened at 43.30 per dollar, and dropped to close at 43.37 per dollar as against the previous close of 43.28 per dollar.The dollar appreciation turned sentiment bearish in the government securities market over fears on the liquidity front. Prices across maturities fell by 10-12 paise.The 10-year, 7.38% 2,014 bond closed at a flat yield of 7.19%, and the 12-year, 8.07% 2,017 paper closed at an yield of 7.41%.Call rates remained high at 5.05-5.10%, and reverse repo bids declined to Rs 16,850 crore.
