Re slips a notch to 43.48/$, bonds rally

The spot rupee, which dipped to a low of 43.65 per dollar in intra-day deals, bounced back to close at 43.48 per dollar on steady inflows.

The rupee had closed last weekend at a near 5-year closing high of 43.47 per dollar.

Government bonds rallied on abundant liquidity today. The 7.38% 2,015 bond was last traded at an yield of 6.54% as against the last weekend close of 6.68%.

Dealers said there was an inflow of Rs 9,500 crore as interest from SDS.

Bids at the reverse repo auction (at 4.75%) zoomed to Rs 32,745 crore from Rs 2,420 crore on Friday. Call rates eased to 4.75% from the last week high of 6%.