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Mumbai, July 13

Bond prices fell by around 10 paise reacting to the higher than expected domestic inflation data. Total traded volumes on the order matching system were Rs 4,915 crore (Rs 4,855 crore). Dealers said that prices were range bound during the day in anticipation of the RBI action to sterilise excess liquidity from the system. Domestic inflation was at 4.27 per cent in the week ended June 30, against the previous week’s 4.13 per cent. “Inflation was expected to be a t around 4.11 per cent. So, the higher than expected inflation figure prompted traders to sell,” said a dealer at a private bank. The 7.49 per cent-10 year-2017 paper opened at Rs 97.03 (7.93 per cent) and ended at Rs 96.99 (7.93 per cent), against the previous close of Rs 97.11 (7.92 per cent YTM). The 7.99 per cent-10 year-2017 paper opened at Rs 100.75 (7.88 per cent YTM) and ended at Rs 100.57 (7.9 per cent YTM), against the previous close of Rs 97.11 (7.92 per cent YTM). —

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