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Our Bureau

Mumbai, April 9

Bond prices rose by about 53 paise (yields fell by almost eight basis points) on improved liquidity in the banking system. Banks placed over Rs 9,000 crore with the RBI through the reverse-repo window while the central bank accepted Rs 3,000 crore. "The market was expecting an MSS auction last week but it was not conducted. There will be an auction worth Rs 10,000 crore on Thursday, which will decide the liquidity situation in the market," said a dealer at a private bank.

According to dealers, banks were seen investing in the government securities market to meet their SLR requirements on an expanded deposit base. Volumes traded on the NDS-order matching system were at Rs 4,655 crore (Rs 3,070 crore). The 8.07 per cent - 10 year-2017 paper opened at Rs 99.10 (8.21 per cent YTM) and closed at Rs 99.68 (8.12 per cent YTM) against the previous close of Rs 99.15 (8.20 per cent YTM) on Thursday.

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