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Mumbai, July 9

Bond prices fell slightly as traders continued to pare their positions in the market. Total traded volumes on the order matching system were at Rs 1,090 crore (Rs 3,915 crore). Market participants said that concerns about inflation continued to weigh heavily on the bond market. “Traders are wary of another rate hike by the RBI as inflation remains a double digit figure,” said a dealer at a private bank.

Liquidity also remained under pressure as banks borrowed Rs 39,755 crore from the RBI. The fall in prices was, however, couched by the price of global crude showing some signs of cooling. The 8.24 per cent 10 year-2018 benchmark paper opened at Rs 93.50 (9.26 per cent YTM) and closed at Rs 93.17 (9.31 per cent YTM), against the previous close at Rs 93.31 (9.29 per cent YTM). The 7.38 per cent 7 year-2015 paper opened at Rs 90.10 (9.30 per cent YTM) and closed at Rs 90 (9.32 per cent YTM). -

Our Bureau

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