The bond prices shot up on July 13 after the announcement by the Reserve Bank of India (RBI) regarding the quantum of borrowing for the week, which was lower than the market expectation. RBI announced an auction of Rs 12,000 crore of government securities while the markets were expecting the amount to be Rs 15,000 crore. Moreover, the sharp fall in US treasury yields give a boost to the prices, added the dealer.
Substantial buying was witnessed in almost all the papers. The total traded volumes on the order matching system were substantially higher at Rs 13,625 crore (Rs 5,735 crore).
Substantial buying was witnessed in almost all the papers. The total traded volumes on the order matching system were substantially higher at Rs 13,625 crore (Rs 5,735 crore).
No comments:
Post a Comment