Business Daily from THE HINDU group of publications
Wednesday, Oct 15, 2008
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, Oct 15, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Govt Bonds Bond prices fall Mumbai, Oct. 14 Bond prices fell by Re 1 on fears that the RBI will announce an SLR cut, as this would reduce demand for the Government securities, said a dealer with a private bank. Another factor was the view that with the stock markets staging a recovery, the RBI may not cut rates aggressively, he added. Total traded volumes on the order matching system were lower at Rs 3,405 crore (Rs 7,545 crore). The 8.24 per cent-10 year-2018 paper opened at Rs 102.7 (7.83 per cent YTM) and touched an intra-day low of Rs 101.76 (7.97 per cent YTM). It closed at Rs 101.95 (7.94 per cent YTM), against the previous close of Rs 102.93 (7.79 per cent YTM). The second highly traded security, 7.94 per cent-13 year-2021 paper, opened at Rs 97.6 (8.24 per cent YTM) and closed at Rs 96.5 (8.39 per cent YTM). — Our Bureau More Stories on : Govt Bonds
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