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Mumbai, July 19

Bond prices fell by around 35-60 paise on profit taking. Total traded volumes on the order matching system were at Rs 8,595 crore (Rs 16,285 crore).

Dealers said that after prices rallied by around a rupee in the past few days, profit taking was bound to happen. “Traders were cautious about possible RBI action on Friday to sterilise excess liquidity from the system. Besides, speculation has begun about a possible Cash Reserve Ratio hike in the review of the monetary policy at the end of the month,” said a dealer at a private bank. With global crude prices shooting above $75 per barrel, traders are wary of a hike in domestic fuel prices and the consequent rise in inflation. The 7.49 per cent-10 year-2017 paper opened at Rs 100.35 (8.296 per cent YTM) and closed at Rs 97.68 (7.83 per cent YTM), against the previous close of Rs 98.05 (7.77 per cent YTM). The 8.33 per cent-29 year-2036 paper opened at Rs 100.35 (8.296 per cent YTM) and ended at Rs 99.90 (8.34 per cent YTM), against the previous close of Rs 100.49 (8.28 per cent YTM). —

Our Bureau

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