Bond prices close higher:BL 241209
Bond prices opened stronger and closed higher from the previous close on positive sentiments. But the
huge gains made by the equity markets prevented prices from rising further, said a bond dealer with a
private bank. After comments by the Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia,
on Tuesday, it seems unlikely that a rate hike will happen before the January monetary, said the dealer. The
expectation is that a rate hike now could adversely impact credit demand. Therefore, the RBI may not take a
rate action immediately. The total traded volumes on the order matching system were higher at Rs 9,610
crore (Rs 8,965 crore).
Bond prices opened stronger and closed higher from the previous close on positive sentiments. But the
huge gains made by the equity markets prevented prices from rising further, said a bond dealer with a
private bank. After comments by the Planning Commission Deputy Chairman, Mr Montek Singh Ahluwalia,
on Tuesday, it seems unlikely that a rate hike will happen before the January monetary, said the dealer. The
expectation is that a rate hike now could adversely impact credit demand. Therefore, the RBI may not take a
rate action immediately. The total traded volumes on the order matching system were higher at Rs 9,610
crore (Rs 8,965 crore).
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