Business Daily from THE HINDU group of publications
Tuesday, Oct 23, 2007
ePaper | Mobile/PDA Version
Business Daily from THE HINDU group of publications Tuesday, Oct 23, 2007 ePaper | Mobile/PDA Version |
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Money & Banking
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Govt Bonds Bond prices end higher Mumbai, Oct 22 The bond market was positive with prices closing higher about 20-25 paise, on expectations of another rate cut in the US and no CRR cut in India, said dealers. Also, the fact that FII flows may trickle down due to the curb on participatory notes is good news for the bond market, as it means a slowdown in liquidity and, hence, no need for further MSS auctions, said a bond dealer with a private bank. "The rupee not appreciating right now is good for the bond market as it means additional liquidity will not be infused into the system," he said. The total traded volumes on the order matching system were Rs 6,230 crore (Rs 2,490 crore). The 7.49 per cent-10- year-2017 paper opened at Rs 97.3 (7.9 per cent YTM) and closed at Rs 97.43 (7.88 per cent YTM) against the previous close of Rs 97.25 (7.91 per cent). The 7.99 per cent-10-year-2017 paper opened at Rs 100.7 (7.88 per cent YTM) and closed at Rs 100.85 (7.86 per cent YTM) against the previous close of Rs 100.61 (7.90 per cent YTM). - Our Bureau
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