Business Daily from THE HINDU group of publications
Wednesday, Nov 14, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Wednesday, Nov 14, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices gain 30 paise Mumbai, Nov. 13 Bond prices rose by around 20-30 paise, prompted by a spurt in liquidity. Total traded volumes on the order matching system were at Rs 5,315 crore (Rs 3,105 crore). Dealers said there was buying interest as excess cash in the system under RBI's liquidity adjustment facility increased to a surplus of Rs 2,000 crore, from a deficit of Rs 9,100 crore on Monday. "Traders now believe that the RBI will ensure that adequate liquidity is maintained. Rates will harden if liquidity is tight and the central bank may not want such a situation to occur," said a dealer at a private bank. The 7.99 per cent-10 year-2017 paper opened at Rs 100.58 (7.90 per cent YTM) and closed at Rs 100.68 (7.88 per cent YTM), against the previous close at Rs 100.48 (7.91 per cent YTM). The 5.87 per cent- 3 year-2010 paper opened at Rs 96.30 (7.78 per cent YTM) and closed at Rs 96.31 (7.77 per cent YTM). - Our Bureau More Stories on : Govt Bonds
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