Comments
Bond prices rose on Wednesday on expectations that buyback of government securities will infuse liquidity into the system.
The Reserve Bank of India bought back Rs 10,000 crore of government securities as against an announced buyback of Rs 12,000 crore. The total order matching system was at Rs 5,650 crore (Rs 6,980 crore).
The most highly traded paper 8.08 per cent-12 year-2022 paper opened at Rs 99.72 (8.11 per cent YTM) and closed at Rs 99.82 (8.10 per cent YTM), against the previous close of Rs 99.68 (8.12 per cent YTM).
The second most highly traded paper, 7.17 per cent 2015 paper opened at Rs 97.51 (7.84 per cent) and closed at Rs 97.54 (7.83 per cent YTM), against the previous close of Rs 97.48 (7.85 per cent).
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.