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New Bond Triggers Gilts Rally

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BUSINESS STANDARD
Last Updated : Feb 26 2013 | 1:02 AM IST

The new tax-saving, 7 per cent 6-year instrument, announced by finance minister Jaswant Singh on Wednesday, pushed government security prices by 30 paise to over Re 1 today across all maturities. The money market is interpreting the announcement as a signal from the government that interest rates are set to fall further.

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First Published: Aug 02 2002 | 12:00 AM IST

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