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. |