Business Daily from THE HINDU group of publications Wednesday, Nov 15, 2006 ePaper |
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Money & Banking
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Debt Market Bonds rise on improved liquidity Our Bureau
Dealers said the RBI's intervention in the forex market (buying dollars for rupees) had infused cash in the markets. The easing of global crude prices to $58.75 per ($59.75) barrel also prompted some buying. The 7.59 per cent - 10 year-2016 paper opened at Rs 99.75 (7.59 per cent YTM) and closed at Rs 100.21 (7.56 per cent YTM), higher than Monday's Rs 100.01 (7.59 per cent YTM). The 8.07-11 year-2017 paper opened at Rs 103.63 and closed at Rs 103.70 (7.53 per cent YTM), against Monday's Rs 103.67 (7.54 per cent YTM).
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