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Tuesday, December 24, 2024 | 03:06 AM ISTEN Hindi

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Bond market freezes amid coronavirus scare; traders working from home

The benchmark 10-year bond saw trading volume of Rs 1,325 crore, and was the most traded one

Overseas bond
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Some expect India’s gross domestic product (GDP) growth to fall to 3.5 per cent this financial year because of an ongoing slowdown.

Anup Roy Mumbai
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

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