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Mumbai, Dec. 18

Bond prices crashed by more than 50 paise on Friday as bearish sentiments prevailed in the market ahead of the meeting between the RBI Governor and the Finance Minister. The markets opened on a positive note on lower US treasury yields and negative equities, said a dealer with a private bank. However, after reports that the RBI Governor is meeting the Finance Minister, fears of a rate cut increased. Traders went on a selling mode and postponed buying decisions to Monday, the dealer said. As a result, in the auction held today, around Rs 227.256 crore of the 7.02 per cent-7 year-2016 paper was devolved on the primary dealers. The total traded volumes on the order matching system were lower at Rs 9,705 crore (Rs 10,760 crore). — Our Bureau

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