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Our Bureau

Mumbai, May 17

Bond prices fell by around 10 paise on profit booking on Thursday. Total traded volumes on the order matching system were Rs 2,425 crore (Rs 6,535 crore). "Bond prices have rallied by around a rupee in the past four days. So, traders were profit-booking today," said a dealer at a private bank.

Earlier in the day, the Finance Minister, Mr P. Chidambaram, said all measures would be taken to reduce inflation to between 4 per cent and 4.5 per cent. This added to the selling sentiment in the market, said market participants. The 8.07 per cent-10 year-2017 paper opened at Rs 99.85 (8.09 per cent YTM) and closed at Rs 99.65 (8.12 per cent YTM), against Wednesday's Rs 99.78 (8.09 per cent YTM). The 7.49 per cent-10 year-2017 paper opened at Rs 95.70 (8.13 per cent YTM) and closed at Rs 95.53 (8.15 per cent YTM), against the previous close at Rs 95.69 (8.13 per cent YTM).

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