The Hindu Business Line : Thursday, June 22, 2006

FOREX
Rupee tad weaker against dollar
The rupee was slightly weaker against the dollar on the back of month-end demand. The domestic currency opened at 45.90/92 and closed at 45.9550/9650, a tad lower than Tuesday's 45.95. Dealers said that the rupee opened stronger ... More

LIFE INSURANCE
LIC's pick: Stocks of fundamentally strong cos
To park 10 pc of investible funds in equity More

PRIVATE BANKS
HDFC Bank offers online remittance facility
HDFC Bank has launched online remittance facility for non-resident Indians from USA, UK and Singapore using the RTGS platform. RTGS is RBI's Real-Time-Gross-Settlement Service. According to a press release, NRIs can send remittances using HDFC ... More

PUBLIC SECTOR BANKS
Billdesk gets $7.5-m funding
Billdesk, a payments service provider, has secured strategic financing of $7.5 million (Rs 33.75 crore) from State Bank of India and Clearstone Venture Mauritius, an official statement said. Commenting on the development, Mr M.N. Srinivasu, ... More

INTEREST RATES
Sakakibara to Bernanke: Mind your language
Fedspeak keeps markets on edge worldwide More

GOVT BONDS
Bond trading remains dull
Bond prices did not see much movement, as there was no buying interest. Dealers said the underwriting commission for Thursday's Rs 9,000 crore g-sec auction was lower than expected. "There might not be much buying interest in the ... More

CREDIT MARKET
IDBI sees credit picking up
"We have sanctioned projects and they are in the process of disbursal during the year," said Mr V.P. Shetty, Chairman and Managing Director, IDBI. The bank has given loans to the tune of Rs 300-350 crore to the retail sector in the past two ... More

SHORT TERM INSTRUMENTS
Call rates steady
Call rates closed at 5.80-5.85 per cent (5.75-5.85). In the first one-day reverse repo auction under LAF, Reserve Bank of India received and accepted 27 bids amounting to Rs 21,795 crore and in the second one-day reverse repo ... More

CREDIT CARDS & DEBIT CARDS
Vijaya Bank credit card for nurses
Vijaya bank launched a specific credit card exclusively for nurses in the country. A bank release said that this card would be internationally valid and useful for nurses travelling abroad or for Indian nurses working in foreign ... More

EVENTS
RMAAI seminar on rural insurance
The Rural Marketing Agencies Association of India (RMAAI) is organising a daylong seminar on rural insurance, in association with the Public Relations Council of India here on Thursday. The seminar is co-sponsored by ING Insurance, ... More

BONUS ANNOUNCEMENTS
LVB to consider bonus, rights
Lakshmi Vilas Bank's board will meet on July 6 to consider issues of shares on bonus and rights basis, the bank announced to the stock exchanges on Wednesday. The bank's capital adequacy ratio stands at 10.8 per cent, but its ... More

Cross Currency Rates