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Mumbai, July 15

Bond prices were down on fears that the RBI will continue to auction government securities worth Rs 15,000 crore every week, till September, said bond dealers. The market was volatile after the Finance Secretary’s statement that the market borrowings may not come down, said a bond dealer with a private bank. “People will now wait for the borrowing calendar and then price accordingly. The next trigger will be the monetary policy on July 28,” the dealer sai d. The total traded volumes on the order matching system were at Rs 9,995 crore (Rs 6,740 crore). “As the equity market has rebounded, currently there is lesser interest for bonds among investors,” the dealer added.

— Our Bureau

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