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Our Bureau

Mumbai, June 22

Bond prices were almost flat as dealers were apprehensive about the RBI announcing auctions for next week. Total traded volumes on the order matching system were Rs 4,920 crore (Rs 4,370 crore). Market participants were expecting the RBI to announce auctions as the government has to pay to the RBI Rs 40,000 crore for buying its stake in SBI. After market hours, the central bank announced Treasury bill auctions worth Rs 11,000 crore for next week. Dealers said the low inflation number did not have a positive effect on the market. Domestic inflation was at 4.28 per cent for the week ended June 9, against 4.8 per cent in the previous week "With global crude prices inching up to over $69 per barrel, oil companies could hike prices and the inflation is likely to rise," said a dealer at a private bank. The 7.49 per cent-10 year-2017 paper opened at Rs 95.05 (8.23 per cent YTM) and closed at Rs 95.06 (8.23 per cent YTM), against the previous close of Rs 95.08 (8.23 per cent). The 8.07 per cent-10 year-2017 paper opened at Rs 99.55 (8.14 per cent YTM) and closed at Rs 99.50 (8.14 per cent YTM), against the previous close of Rs 99.50 (8.14 per cent YTM).

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