Business Daily from THE HINDU group of publications
Saturday, Nov 03, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Saturday, Nov 03, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices flat Mumbai, Nov 2 Bond prices were almost flat as traders remained concerned about liquidity. Total traded volumes on the order matching system were at Rs 1,925 crore (Rs 3,315 crore). Dealers said that a government security auction scheduled for next week would suck out Rs 8,000 crore from the system. Besides this, the hike in the Cash Reserve Ratio would additionally drain out Rs 15,000 crore. "Cash is anyway scarce during the Diwali season. The system would need to have an excess of Rs 30,000 crore to still be in surplus," said a dealer at a private bank. The 7.49 per cent-10 year-2017 paper opened at Rs 97.59 (7.85 per cent YTM) and closed at Rs 97.47 (7.87 per cent YTM), against the previous close at Rs 97.47 (7.87 per cent YTM). The 7.99 per cent-10 year-2107 paper opened at Rs 101 (7.84 per cent YTM) and closed at Rs 100.88 (7.86 per cent YTM), against the previous close at Rs 100.9 (7.85 per cent). - Our Bureau More Stories on : Govt Bonds
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