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Mumbai, July 15

Bond prices fell after international rating agency Fitch Ratings downgraded the rupee outlook to ‘negative’ from ‘stable’. Prices fell by around 45-50 paise following the report, said dealers. Rumours of another hike in CRR by the RBI also affected sentiment, they said. Total volumes on the order matching system were at Rs 1,945 crore (Rs 2,040 crore). The 8.24 per cent- 10 year-2018 paper opened at Rs 92.85 (9.37 per cent YTM) and closed at Rs 92.2 1 (9.48 per cent YTM), against the previous close of Rs 92.79 (9.38 per cent. During the day, it touched an intra-day low of Rs 92.15 (9.49 per cent YTM). The other actively traded paper, the 5.87 per cent two-year 2010 paper, opened at Rs 95.16 (9.54 per cent YTM) and closed at Rs 95.05 (9.58 per cent YTM).

—Our Bureau

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Fitch downgrades local currency outlook

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