Mumbai, Sept. 15

Bond prices were flat on Wednesday ahead of RBI's mid-quarter review, said dealers. Traders were not taking positions ahead of the review. The market is divided over whether the central bank will hike repo and reverse repo rates in the review on Thursday. The tight liquidity position due to the advance tax outflows also ensured that bonds traded in a range, said a dealer with a public sector bank. The total traded volume on the order matching system was lower at Rs 8,060 crore (Rs 10,455 crore). The 10-year benchmark 7.8 per cent 2020 paper opened at Rs 99.09 (7.93 per cent YTM) and ended the day at Rs 99.02 (7.94 per cent YTM), against the previous close of Rs 99.01 (7.94 per cent YTM). The second most highly traded paper; 8.13 per cent-12 year-2022 paper opened at Rs 100.48 (8.06 per cent YTM) and ended the day at Rs 100.34 (8.08 per cent YTM), against the previous close of Rs 100.4 (8.08 per cent YTM). — Our Bureau

(This article was published in the Business Line print edition dated September 16, 2010)
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