• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, Jan. 16

Bond prices edged up by more than 20 paise on value buying. Total traded volumes on the order matching system were Rs 4,055 crore. Market participants are now of the view that the crash in the bond market on Friday was an exaggerated response to the possibility that RBI would be given the flexibility to set the floor rate for the Statutory Liquidity Ratio of banks.

"The RBI may not immediately lower the Statuary Liquidity Ratio for banks. So, traders are now coming back and buying in the market," said a dealer at a private bank. The 8.07-10 year-2017 benchmark paper opened at Rs102.08 (7.77 per cent YTM) and closed at Rs 102.15 (7.76 per cent YTM), up from Monday's Rs 101.93 (7.79 per cent YTM). The 7.59 per cent-9 year-2016 paper opened at Rs 98.90 (7.76 per cent YTM) and closed at Rs 98.94 (7.75 per cent YTM), higher than Monday's Rs 98.73 (7.79 per cent YTM).

More Stories on : Govt Bonds

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee closes flat

Copyright © 2007, 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