Business Daily from THE HINDU group of publications
Tuesday, Nov 06, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Nov 06, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices down 10 paise Mumbai, Nov. 5 Bond prices fell by around 10 paise but showed no major movements during the day, as there was no trading interest. Total traded volumes on the order matching system were at Rs 2,260 crore (Rs 1,925 crore). Prices declined reacting to statements made by a Finance Ministry official about reviewing the cap on the outstanding under the Market Stabilisation Scheme (MSS). The current MSS outstanding is Rs 1.77 lakh crore and the cap stands at Rs 2 lakh crore. "Around Rs 8,000 crore will be sucked out from the system by the government security auction on Nov 8 and Rs 15,000 crore by the Cash Reserve Ratio hike on November 10. But if the RBI continues to actively intervene in the forex market, it will shore up enough cash for comfortable liquidity," said a dealer at a private bank. The 7.99 per cent-10 year-2017 paper opened at Rs 100.89 (7.85 per cent YTM) and closed at Rs 100.80 (7.87 per cent YTM) against the previous close at Rs 100.88 (7.86 per cent YTM). The 5.87 per cent-3 year-2010 paper opened at Rs 96.35 (7.73 per cent YTM) and closed at Rs 96.29 (7.77 per cent YTM). - Our Bureau More Stories on : Govt Bonds
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