• 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, April 10

Spurred on by free cash, bond prices rallied by around 65 paise. Total traded volumes on the order-matching system were Rs 6,535 crore (Rs 4,655 crore). Dealers said yields eased by around 10 basis points on heavy buying from public sector banks. "There was heavy demand from public sector banks such as Canara Bank, Bank of Baroda and Indian Overseas Bank for meeting Statutory Liquidity Ratio requirements. This fuelled the buying-sentiment for government securities," said a dealer at a private bank.

Market participants said the excess cash of around Rs 29,000 crore in the system aided call rates to ease to 5-5.5 per cent. Traders expect call rates to rule stable despite the government securities auction of Rs 10,000 crore to be held on Thursday and the impounding of Rs 7,500 crore under the first phase hike of 25 basis points in the Cash Reserve Ratio (April 14).

The 8.07 per cent-10 year-2017 paper opened at Rs 99.80 (8.10 per cent YTM) and closed at Rs 100.32 (8.02 per cent YTM), against Monday's Rs 99.68 (8.12 per cent YTM). The 7.37 per cent - 7 year-2014 paper opened at Rs 96.03 (8.12 per cent YTM) and closed at Rs 96.47 (8.04 per cent YTM), against Monday's Rs 95.94 (8.14 per cent YTM).

More Stories on : Govt Bonds

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

Stories in this Section
NSDL to keep records for new pension scheme

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