Business Daily from THE HINDU group of publications Tuesday, Aug 28, 2007 ePaper |
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Money & Banking
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Govt Bonds Bond prices gain 10 paise
Mumbai, Aug. 27 Bond prices rose by ten paise and the yields fell by about two basis points on Monday as central bank refrained from selling debt to drain surplus cash from the system. "The Reserve Bank of India said that there will be no issue of dated securities this week which has helped bond prices moveup," said a dealer with a private bank. Total traded volumes on the order matching system were Rs 2,330 crore (Rs 3,320 crore). The 7.49 per cent-10 year-2017 paper opened at Rs 97.30 (7.89 per cent YTM) and closed at Rs 97.10 (7.92 per cent YTM), against the previous close of Rs 97 (7.94 per cent YTM). The 7.99 per cent-10 year-2017 paper opened at Rs 100.70 (7.88 per cent YTM) and closed at Rs 100.53 (7.91 per cent YTM), against the previous close of Rs 100.50 (7.91 per cent YTM). - Our Bureau
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