Re ends marginally higher at 40.77/$

MARKETS REPORT

The prices of most of the government securities remained flat through out the day barring volatile movements in the auctioned paper 7.49 per cent 2017.

The Reserve Bank of India (RBI) announced a cut-off yield of 8.44 per cent for the ten-year benchmark 7.49 per cent 2017 paper.

After the auction, brisk trading in the benchmark paper resulted in the yield coming down to close around 8.36 per cent.

The RBI received bids worth Rs 62,000 crore from the system while the call rates closed around 3.5 per cent.

The RBI will auction another tranche of 91- day and 182-day treasury bills for Rs 5,000 crore on Wednesday.