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Mumbai, Nov. 14

Bond prices edged up by around 20 paise on improved liquidity in the system. Total traded volumes on the order matching system was Rs 7,520 crore (Rs 6,120 crore).

Dealers said the RBI's intervention in the forex market (buying dollars for rupees) had infused cash in the markets. The easing of global crude prices to $58.75 per ($59.75) barrel also prompted some buying. The 7.59 per cent - 10 year-2016 paper opened at Rs 99.75 (7.59 per cent YTM) and closed at Rs 100.21 (7.56 per cent YTM), higher than Monday's Rs 100.01 (7.59 per cent YTM). The 8.07-11 year-2017 paper opened at Rs 103.63 and closed at Rs 103.70 (7.53 per cent YTM), against Monday's Rs 103.67 (7.54 per cent YTM).

(This article was published in the Business Line print edition dated November 15, 2006)
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