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Friday, Jan 19, 2007
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Money & Banking - Govt Bonds
Bond prices down 20 paise

Our Bureau

Mumbai, Jan. 18

Concerns about inflation rising beyond 5.48 per cent pushed down bond prices by about 20 paise (yields moved up by three basis points). "The market anticipates that rising inflation could trigger a rate hike by the RBI in its credit policy on January 31," said a dealer at a private bank. Traders said the market remained more or less dull throughout the trading sessions.

Total traded volumes on the order matching system dipped to Rs 1395 crore (Rs 2810 crore). The 8.07-10 year-2017 benchmark paper opened at Rs 101.94 (7.78 per cent YTM) and closed at Rs 101.67 (7.82 per cent YTM) against Wednesday's Rs 101.9 (7.79 per cent YTM). The 7.59 per cent-9 year-2016 paper opened at Rs 98.73 (7.78 per cent YTM) and closed at Rs 98.60 (7.80 per cent) against Wednesday's Rs 98.76 (7.77 per cent YTM).

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