Financial Daily from THE HINDU group of publications
Wednesday, Sep 15, 2004
Financial Daily from THE HINDU group of publications Wednesday, Sep 15, 2004 |
||
|
|
||
|
Money & Banking
-
Govt Bonds Bonds fail to hold on to early gains Our Bureau
MUMBAI: Bond prices opened firm on Tuesday rising by nearly 45 paise during the day before closing lower on profit booking by traders, dealers said. Prices rose primarily due to trading interest in certain papers fuelled by expectations of the central bank not raising the key interest rates in the mid-October policy statement, dealers said. The 10-year benchmark 7.37 per cent 2014 paper reached a high of Rs 109.65 during the day before closing lower at Rs 109.15. The 11-year benchmark 7.38 per cent 2015 paper moved up to Rs 109.90 before ending lower at Rs 109.65. Dealers said the prices are expected to move down on fears of tightening of liquidity expected on account of outflow due to advance tax payment. Call rates in the inter-bank market were in the range of 4.35-4.50 per cent. Under the LAF window, the RBI received 44 bids in the 1-day repo worth Rs 25,510 crore. In the 7-day repo, all the 12 bids worth Rs 2,360 crore were accepted . In the CBLO market, 128 trades worth Rs 4,547.15 crore were conducted in the rate range of 4.27-4.50 per cent.
More Stories on : Govt Bonds
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2004, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|