The Hindu Business Line : Bonds dip on interest rate concerns

Bond prices closed lower, though some amount of value buying helped to check the rise in yields, said dealers. Prices were higher in the morning, but moved down after comments by the Reserve Bank of India, Deputy Governor, Dr K.C. Chakrabarty, that the rise in interest rates was not unexpected and rates may go up. “The market gave away all the gains after this comment,” said a primary dealer. The total traded volumes on the order matching system were to the tun e of Rs 5,150 crore.

— Our Bureau

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