Government bond prices ended off highs on Wednesday as fears of oversupply and a cut in banks’ statutory liquidity ratio emerged.
The 10-year benchmark 8.24 per cent, 2018 paper settled at Rs 104.25, up from Rs 103.47 on Friday, but sharply down from an intraday high of Rs 105.00 rupees. The 7.94 per cent, 2021 paper ended the day at Rs 100.92, down from Monday’s close of Rs 101.90.
