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Money & Banking - Govt Bonds
Bond prices up by 15 paise

Our Bureau

Mumbai, Nov. 24

Bond prices increased by around 15 paise due to comfortable liquidity in the system. The total traded volumes on the order matching system was around Rs 7,345 crore (Rs 5,265 crore). The inflation was stable at 5.29 per cent (5.30 per cent).

The auction of the Rs 5,000-crore 8.07 per cent 11 year - 2017 paper was fully subscribed. The cut off price at Rs 104.47 (7.43 per cent YTM) was in line with market expectations, said a dealer at a private bank.

The RBI received 285 competitive bids worth Rs 13,679.41 crore. It accepted 141 competitive bids for Rs 4968.62 crore. The weighted average price was Rs 104.53. The RBI received and accepted 30 non-competitive bids for Rs 31.381 crore with 100 per cent partial allotment. The amount of underwriting accepted from primary dealers was Rs 2,484 crore.

The 7.59 per cent-10 year-2016 paper opened at Rs 100.92 (7.45 per cent YTM) and closed at Rs 101.07 (7.43 per cent YTM) against 100.92 (7.41 per cent YTM) on Thursday. The 8.07-11 year-2017 paper opened at Rs 104.56 (7.42 per cent YTM) and closed at Rs 104.61 (7.41 per cent YTM) against Thursday's Rs 104.62 (7.41 per cent YTM).

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