Business Daily from THE HINDU group of publications
Wednesday, Nov 07, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Nov 07, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices down 15-20 paise Mumbai, Nov 6 Bond prices fell by around 15-20 paise as traders were concerned about the surge in liquidity. Total traded volumes on the order-matching system were at Rs 2,470 crore (Rs 2,260 crore). "The excess cash as reflected under the Liquidity Adjustment Facility of the RBI has nearly doubled today to Rs 41,000 crore, from Rs 20,000 crore on Monday. The volatility has got traders cautious," said a dealer at a private bank. Market participants said there could be supply-pressure as there may be more auctions under the Market Stabilisation Scheme to drain out the excess cash. With global oil prices ruling high, a hike in domestic fuel prices could also be on the cards, they said. The 7.99 per cent -10 year-2017 paper opened at Rs 100.80 (7.87 per cent YTM) and closed at Rs 100.61 (7.896 per cent YTM), against the previous close at Rs 100.80 (7.87 per cent YTM).The 5.87 per cent-3 year-2010 paper opened at Rs 96.28 (7.77 per cent YTM) and closed at Rs 96.23 (7.80 per cent YTM), against the previous close at Rs 96.29 (7.77 per cent YTM). - Our Bureau More Stories on : Govt Bonds
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