Bond prices increased by Rs 1.21 on Dec 11, on account of lower inflation figures. The prices have been on a rallying spree after the Reserve Bank of India cut repo and reverse repo rates. Inflation was at 8 per cent for the week ended November 29. The statements by the RBI Governor about a possible downward revision in growth targets fuelled expectations of another cut in repo and reverse repo rates. Total traded volumes on the order matching system were higher at Rs 16,580 crore (Rs 15,880 crore).
The 8.24 per cent-10 year-2018 paper opened at Rs 111.25 (6.60 per cent YTM) and touched an intra-day high of Rs 112.47 (6.44 per cent YTM). It closed at Rs 112.33 (6.46 per cent YTM), as against the previous close of Rs 111.12 (6.62 per cent YTM). The 7.95 per cent-24 year-2032 paper opened at Rs 108.4 (7.20 per cent YTM) and closed at Rs 108.99 (7.15 per cent YTM).
The 8.24 per cent-10 year-2018 paper opened at Rs 111.25 (6.60 per cent YTM) and touched an intra-day high of Rs 112.47 (6.44 per cent YTM). It closed at Rs 112.33 (6.46 per cent YTM), as against the previous close of Rs 111.12 (6.62 per cent YTM). The 7.95 per cent-24 year-2032 paper opened at Rs 108.4 (7.20 per cent YTM) and closed at Rs 108.99 (7.15 per cent YTM).
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