Business Daily from THE HINDU group of publications
Thursday, Nov 08, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Thursday, Nov 08, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices remain firm Mumbai, Nov. 7 Bond prices were almost unchanged as traders were cautious ahead of the Rs 8,000-crore auction on Thursday. Total traded volumes on the order-matching system were at Rs 1,425 crore (Rs 2,470 crore). Dealers said that the Cash Reserve Ratio hike effective November 10 and the festive season would put liquidity under pressure. "Traders are not taking big positions ahead of the week-end," said a dealer at a private bank. The 7.99 per cent-10 year-2017 paper opened at Rs 100.58 (7.9 per cent YTM) and closed at Rs 100.60 (7.897 per cent YTM), against the previous close at Rs 100.61 (7.896 per cent YTM). The 5.87 per cent-3 year-2010 paper opened at Rs 96.20 (7.82 per cent YTM) and closed at 96.21 (7.81 per cent YTM), against the previous close at Rs 96.23 (7.8 per cent YTM). - Our Bureau More Stories on : Govt Bonds
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