The spot rupee moved in a narrow band today, and closed at 43. 59 per dollar as against the last close of 43.58 per dollar.Sentiment was bullish in the government securities market today following the cut-off yield of 6.99% for the five-year paper. Trading, however, remained lacklustre as the market was awaiting the outcome of the auction.Prices of medium-term papers moved in a range of 10-15 paise.The 10-year, 7.38% 2,015 bond closed at an yield of 7.25% while the auctioned paper was traded at an yield of 6.92%.Call rates moved above 5%, and reverse repo bids totalled Rs 34,000 crore.
