The bond prices fell after the government announced it would borrow an additional Rs 46,000 crore, which was more than market expectations of about Rs 25,000-30,000 crore. On the order matching system, the total traded volumes were to the tune of Rs 6,795 crore. The 6.05 per cent 10-year 2019 benchmark paper opened at Rs 101.4 (5.86 per cent YTM) and closed at Rs 110.4 (5.99 per cent YTM). In line with this, the 8.24 per cent 2018 paper opened at Rs 113.5 (6.28 per cent YTM) and closed at Rs 112 (6.48 per cent YTM) as compared to the previous close of Rs 113.15.
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