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Tuesday, Mar 30, 2004

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Money & Banking - Govt Bonds


Bond prices up in thin trading

Our Bureau

MUMBAI: Bond prices were up by 9 paise to 13 paise across some maturities on good liquidity in the Government securities market on Monday.

The 10-year benchmark paper, the 7.37 per cent 2014 paper opened at Rs 117.12/15 and closed at Rs 117.19/21. The 8.07 per cent 2017 paper opened at Rs 124.20/22 and closed at Rs 124.30/33.

Dealers said there was not much buying interest in the market, but some stray deals continued to be struck.

Call rates remained at 4.25 per cent to 4.50 per cent levels in the inter-bank market.

In the two-day repo under LAF, RBI received and accepted 56 bids amounting to Rs 45,660 crore at the rate of 4.50 per cent.

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