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Money & Banking - Govt Bonds
Bond prices down 46 paise

Mumbai, Aug. 1

Bond prices fell by almost 46 paise and the yields went up by six basis points on speculation of draining out of surplus cash following a hike in Cash Reserve Ratio by the central bank. The total traded volumes on the order matching system were Rs 3,660 crore. The yield on the 10-year paper ended at 7.91 per cent (7.85 per cent). The 7.49 per cent-10-year 2017 paper opened at Rs 97.41 (7.87 per cent YTM) and closed at Rs 97.15 (7.91 per cent YTM) on Wednesday against the p revious close of Rs 97.61 (7.85 per cent YTM). The 7.99 per cent-10-year-2017 paper opened at Rs 100.68 (7.89 per cent YTM) and closed at Rs 100.50 (7.92 per cent YTM). —

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