Financial Daily from THE HINDU group of publications
Friday, Jul 18, 2003
Financial Daily from THE HINDU group of publications Friday, Jul 18, 2003 |
|
|
|
|
|
Money & Banking
-
Govt Bonds Gilts decline Our Bureau
Mumbai , July 17 BOND prices fell by around 5-20 paise across maturities in a dull Government securities market today. The 7.40 per cent 1012 paper opened at Rs 111.57/59 and slipped to Rs 111.53/55. The 9.85 per cent 2015 paper opened at Rs 134.58/60 and slipped to Rs 134.53/55. The 8.07 per cent 2017 paper opened at Rs 119.57/60 and fell to Rs 119.40 According to dealers, the market reacted to the cap fixed on NRE deposit rates and there was some selling which brought the bond prices down. Most dealers say that the surplus liquidity will buoy the prices in the short-term. However, there is still underlying cautious optimism, as dealers admit that they will see what direction the market takes after the government's debt-buyback on Tuesday. Call rates hovered at 4.75-5 per cent levels. In the one-day repo under the LAF, RBI received and accepted 48 bids amounting to Rs 25,280 crore at the rate of 5 per cent.
Article E-Mail :: Comment :: Syndication
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|