Business Daily from THE HINDU group of publications
Tuesday, Jan 29, 2008
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Jan 29, 2008 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices down 20-25 paise Mumbai, Jan 28 The bond market was weak with bond prices losing 20-25 paise, as dealers are expecting the monetary policy, which will be announced on January 29, to focus more on inflation than on growth. A bond dealer with a private bank said that though the market opinion is divided on whether the RBI will cut key interest rates or not, the bias is more towards no rate cut in repo and reverse rates. Therefore, there was selling in the market, the dealer said. Total traded volumes on the order-matching system were at Rs 5,120 (Rs 5,040 crore). The 7.99 per cent – 9 year-2017 paper opened at Rs 103.8 (7.42 per cent YTM) and closed at Rs 103.58 (7.45 per cent YTM), against the previous close of (Rs 103.80 (7.42 per cent YTM). The 8.33 per cent 28 year-2036 paper opened at Rs 106.86 (7.73 per cent YTM) and closed at Rs 106.6 (7.75 per cent YTM), against the previous close of Rs 107.09 (7.71 per cent YTM). – Our Bureau More Stories on : Govt Bonds
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