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Our Bureau

Mumbai, Jan. 17

Bond prices fell by almost 20 paise (yields went up by three basis points) on reports of a possible Presidential consent to an Ordinance allowing the Reserve Bank of India the flexibility to set the floor rate for the Statutory Liquidity Ratio of banks, by the end of this month. Total traded volumes on the order matching system dropped to Rs 2,810 crore (Rs 4,055 crore).

"In the earlier part of the day, bond prices moved up by 10-15 paise as oil prices eased to $ 51 per barrel. However, the prices soon fell by around 10 paise on profit-booking," said a dealer at a private bank. "Towards the end of the trade, there was strong selling which pushed down the prices by 60 paise," he said.

The 8.07-10 year-2017 benchmark paper opened at Rs102.19 (7.75 per cent YTM) and closed at Rs 101.9 (7.79 per cent YTM) against Tuesday's Rs 102.15 (7.76 per cent YTM). The 7.59 per cent-9 year-2016 paper opened at Rs 99 (7.74 per cent YTM) and closed at Rs 98.76 (7.77 per cent YTM) against Tuesday's Rs 98.94 (7.75 per cent YTM).— Our Bureau

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