Re rise continues, gilts drop, forex kitty swells

Recap

 The rupee gained 1.01 per cent to end the week at a new three-year closing high of 45.39/40 per dollar on strong inflows from foreign funds investing in domestic shares and sales by exporters.

 The benchmark 10-year 7.27 per cent gilt hit a lifetime low of 5.138 per cent on October 1 as the RBI, on September 29, announced that the Government will raise only Rs 25,000 crore as against the budgeted Rs 59,888 crore in the second half of 2003-04.

 This security finished the week at an yield of 5.156 per cent (Rs 116.25) as against Monday