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Mumbai, Jan. 13

Bond prices rose by 84 paise on Tuesday on expectations that the Reserve Bank of India would announce an MSS buyback in case an auction announcement is made, said dealers. There is a strong possibility that the RBI would announce an MSS buyback following the poor response to the auction held last week, the dealers added. Total traded volumes on the order matching system were lower at Rs 13,320 crore (Rs 20,700 crore). The benchmark security opened at Rs 117.8 (5.73 per cen t YTM) and touched an intra-day high of Rs 119 (5.58 per cent YTM). It closed at Rs 118.24 (5.68 per cent YTM), against the previous close of Rs 117.4 (6.19 per cent YTM). The 7.95 per cent-2032 paper opened at Rs 112.45 (6.87 per cent YTM) and closed at Rs 111.05 (6.98 per cent YTM).

— Our Bureau

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