India’s bond market saw no trading in the first 30 minutes on Tuesday, as traders worked from home amid expectations of an imminent rate cut.
The volume in the anonymous trading platform, NDS-OM, was Rs 7,210 crore — less than half the normal volume, but not as bad as the start of the day indicated. The trading volume picked up in the latter part of the day as the finance minister held a video-conference on steps to be taken to fight the economic slowdown. Besides, a Rs 15,000 crore purchase of bonds from the secondary market by the Reserve Bank of