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Our Bureau

Mumbai, April 4

Bond prices gained by around 10 paise on signs of improvement in liquidity conditions. Total traded volumes on the order matching system were Rs 1,915 crore. Dealers said call rates showed signs of easing and closed at 7-8 per cent per cent against 10-12 per cent on Tuesday. Banks borrowed Rs 10,000 crore from the RBI through the repo window in the first auction against Rs 20,000 crore on Tuesday. "In the near term, there are no major shocks. But once the hike of the cash reserve ratio kicks in from April 14, cash will be scarce and call rates will tighten again to 10-11 per cent," said a dealer at a private bank.

The 8.07 per cent - 10 year-2017 paper opened at Rs 99.32 (8.17 per cent YTM) and closed at Rs 99.38 (8.16 per cent YTM) against the previous close at Rs 99.31 (8.17 per cent YTM). The 7.37 per cent - 7 year-2014 paper opened at Rs 95.61 (8.20 per cent YTM) and closed at Rs 95.58 (8.21 per cent YTM).

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