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Money & Banking - Govt Bonds
Bond market remains steady

Mumbai, Oct. 29

The bond market was steady ahead of the Credit Policy. A dealer with a public sector bank said there was no movement as traders are waiting for the RBI announcement. One section of the market expects a hike in CRR, as a pre-emptive measure for inflation control, although the excessive inflow has slowed down. Total traded volumes on the order-matching system were lower at Rs 4,300 crore (Rs 2,560 crore). The 7.49 per cent-10 ye ar-2017 paper opened at Rs 97.61 (7.85 per cen t YTM) and closed at Rs 97.64 (7.85 per cent) against the previous close of Rs 97.63 (7.85 per cent). The 7.99 per cent-10 year-2017 paper opened at Rs 101.05 (7.83 per cent )and ended at Rs 101.16 (7.81 per cent YTM) against Rs 101.10 (7.82 per cent).

— Our Bureau

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