• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Port Info

• Ships in Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

MUMBAI: The rupee ended at 43.75/7550 against the US dollar marginally recovering dufrom Wednesday's close of 43.77/78.

A dealer at a private bank said that the rupee opened at an intra-day high of 43.82/83 as the dollar strengthened against all the major foreign currencies. The rupee then recovered due to dollar-selling on account of the long weekend.

The forward premia market ruled almost unchanged at the same levels, with the 6-month premium at 1.52 per cent (1.51) and the 12-month at 1.37 per cent (1. 37).

Bond prices rose by 37 paise with the Finance Minister, Mr P. Chidambaram's, announcement about interest rates staying unchanged.

The 7.38 per cent 10 year benchmark paper closed at Rs 105.20/25 (6.67 per cent YTM) on Thursday against Wednesday's close of Rs 104.83 (6.73 per cent YTM). It had opened at Rs 104.95 (6.71per cent YTM).

"Oil prices touching a low of $53.8 per barrel yesterday acted as a positive trigger to the market. Besides, Mr Chidambaram's announcement that the interest rates won't rise in the next six months as well as the inflation rate at 5.19 per cent (5.30) being lower than expectations buoyed the bond prices," said a dealer at a private bank.

In the one-day reverse repo under the Liquidity Adjustment Facility, RBI received and accepted 19 bids amounting to Rs 10, 900 crore. Call rates remained tight at 4.80/90 per cent because of the long weekend. There were many deals even at 5-10 per cent. In the CBLO market, 197 trades aggregating Rs 6,638.95 crore was put through in the rate range of 2.75 per cent to 5.10 per cent.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
ICICI business catalyst facility

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line