Business Daily from THE HINDU group of publications
Wednesday, Feb 03, 2010
ePaper | Mobile/PDA Version | Audio | Blogs
Business Daily from THE HINDU group of publications Wednesday, Feb 03, 2010 ePaper | Mobile/PDA Version | Audio | Blogs |
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Money & Banking
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Govt Bonds Bonds down on lack of buying interest 
Mumbai, Feb. 2 Bond prices fell by almost 40 paise down due to lack of buying interest after the Reserve Bank of India Governor said that higher government borrowing could push up yields on Government securities. Expectations of huge supply of bonds next year and higher inflationary pressures are reasons for the lack of interest in bonds, said dealers. “As there are no buyers in the market, the papers are trading at a discount. Therefore, prices have fallen,'' said a dealer with a private bank. The total traded volumes on the order matching system were Rs 6,845 crore (Rs 6,600 crore). — Our Bureau More Stories on : Govt Bonds
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