Business Daily from THE HINDU group of publications
Friday, Oct 12, 2007
ePaper
Business Daily from THE HINDU group of publications Friday, Oct 12, 2007 ePaper |
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Money & Banking
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Govt Bonds Bond market range-bound Mumbai, Oct. 11 The bond market was range-bound as the surplus in liquidity in the system was seen as both positive and negative, said dealers. "On the one hand, the surplus in liquidity is positive, but on the other hand there are fears of a further increase in CRR or MSS auctions due to the liquidity. The RBI is in the forex market infusing liquidity, otherwise there is no other inflow," said a bond dealer with a bond market. Total traded volumes were at Rs 2,635 crore (Rs 3,065 crore). The 7.49 per cent-2017- 10-year benchmark paper opened at Rs 97.16 (7.92 per cent YTM) and closed at Rs 97.28 (7.90 per cent YTM) against the previous close of Rs 97.18 (7.92 per cent YTM). The 5.48 per cent 2009-2 year paper opened and closed at the same level of Wednesday's close of Rs 96.63 (7.66 per cent YTM). - Our Bureau More Stories on : Govt Bonds
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