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Money & Banking - Govt Bonds
Bond prices lower 30 paise

Our Bureau

Mumbai, March 8

Bond prices fell by around 30 paise on Thursday as traders were cautious ahead of the Rs 7,000-crore Government security auction on Friday. Total traded volumes on the order-matching system were Rs 1,175 crore. Sentiment was bearish. "On Friday, the RBI is expected to announce the Market Stabilisation Scheme for next week which could include the auction of another dated security. The outflow of liquidity will add to the negative sentiment in the market," said a dealer at a private bank. The inflation figure released on Friday is expected to be around 6.03-6.05 per cent, said traders. The 8.07-10 year-2017 benchmark paper opened at Rs 100.82 (7.95 per cent YTM) and closed at Rs 100.48 (7.99 per cent YTM), against Wednesday's Rs 100.82 (7.95 per cent YTM). The 7.37 per cent-7 year-2014 paper opened at Rs 96.65 (7.99 per cent YTM) and closed at Rs 96.55 (8.01 per cent YTM), against Rs 96.56 (8.01 per cent YTM).

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