Business Daily from THE HINDU group of publications Tuesday, Jul 08, 2008 ePaper | Mobile/PDA Version | Audio |
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Money & Banking
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Govt Bonds Bonds fall on profit-taking Mumbai, July 7 Bond prices fell in a market that saw subdued volumes, because of profit-taking. After remaining higher in initial trading hours, prices ended lower from the previous close, as there was selling at the fag end of the day. Total traded volumes on the order matching system were low at Rs 1,990 crore (Rs 410 crore). A dealer with a private bank said that there was not much trading because inflation and high oil prices were still a concern. “The market is anticipating so me decision at the G-8 meeting on oil prices,” said a dealer. The 8.24 per cent-10 year-2018 paper opened at Rs 94.30 (9.13 per cent YTM) and touched a high of Rs 94.44 (9.11 per cent YTM). It closed at Rs 94.08 (9.16 per cent), lower from the previous close of Rs 94.15 (9.15 per cent YTM). The 8.28 per cent 24-year -2032 paper opened and closed at Rs 84.50 (10 per cent YTM). During the day it touched a high of Rs 84.88 (9.95 per cent YTM). — Our Bureau More Stories on : Govt Bonds
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