Bond prices ended lower by about 50 paise from Sept 26 close on fears of tightness in liquidity, though they recovered from the day''s low. Banks have been borrowing close to around Rs 1 lakh crore from banks for the last few days. Today they borrowed more than Rs 90,000 crore via the repo auction. Total traded volumes on the order matching system were Rs 3,560 crore (Rs 5,900 crore).
Bond prices opened lower after the Reserve Bank of India declared the auction calendar for the second half of the fiscal on Sept 26. The 8.24 per cent-10 year-2018 paper opened at Rs 97.05 and touched an intra-day low of Rs 96.86. It closed at Rs 97.56, against the previous close of Rs 97.87. The 7.94 per cent -13 year-2021 paper, which was the second most actively traded paper, opened at Rs 91 and declined to a low of Rs 90.85. It closed at Rs 91.08
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