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 Money & Banking - Govt Bonds
Bonds close higher

Mumbai, July 1

Bond prices opened at the same level as the previous close, but closed higher. As it is the beginning of the new quarter, there was no selling pressure. Also, dealers are building positions ahead of the Budget, said a bond dealer with a private bank. It is also the reason for volumes increasing gradually, he added. The total traded volumes on the order matching system were at Rs 12,885 crore. “As the Budget comes closer, talks of disinvestment have given rise to expe ctations that supply of government papers may not be as high as it was earlier thought,” said the dealer.

— Our Bureau

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