Mumbai, Jan. 27

Bond prices rose by around 20 paise on Wednesday, after comments by a Reserve Bank of India official that the central bank may not resort to hiking key interest rates in the forthcoming credit policy, said dealers. The yields softened by 6-7 basis points in the first half of trade buoyed by the RBI official's comments. However, profit booking by investors in the latter half pulled down prices marginally, said a dealer with a public sector bank. The total traded volumes on the order matching system were substantially higher at Rs 13,350 crore (Rs 6,350 crore). The 6.35 per cent-10 year-2020 paper opened at Rs 91.5 (7.58 per cent YTM) and ended at Rs 91.71 (7.55 per cent YTM), against the previous close Rs 91.51 (7.58 per cent YTM). The 6.90-9 year-2019 paper opened at Rs 94.7 (7.69 per cent YTM) and closed at Rs 94.82 (7.67 per cent YTM), against the previous close of Rs 94.76 (7.68 per cent YTM). — Our Bureau

(This article was published in the Business Line print edition dated January 28, 2010)
XThese are links to The Hindu Business Line suggested by Outbrain, which may or may not be relevant to the other content on this page. You can read Outbrain's privacy and cookie policy here.