Re moves up to 43.68/$, gilts decline

The spot rupee opened at 43.7050 per dollar, but gained a shade to close at 43.68 per dollar.

Sentiment continued to be bearish in the government securities market as dealers preferred to wait ahead of the credit policy.

The 6.85% 2,012 bond and the 8.07% 2,017 bond were among the very few papers traded in the market today.

The 10-year, 7.38% 2,015 bond closed at an yield of 7.11%.

Call rates were steady at 4.75%, and reverse repo bids totalled Rs 31,000 crore.