29 may 2004

rupee down 4 paise
mumbai: the rupee closed at 45.47/49 per dollar on friday, sliding down a further four paise over yesterday, losing a total of 15 paise over the week.

forwards market: the six-month forward closed at a steeper discount of - 0.55 per cent (- 0.46 per cent), and the one-year forward closed at - 0.15 per cent (- 0.10 per cent).

g-secs: the benchmark 8.07 per cent 2017 paper closed at a higher yield of 5.60 per cent (5.54 per cent) and the 7.37 per cent 2014 paper closed at a higher yield of 5.25 per cent, up from 5.21 per cent.

call rates: closed higher at 5.50-6 per cent.

andhra bank atms to shutdown for eight hours
hyderabad: all the 272 automated teller machines (atms) of andhra bank spread across the country will not function for nearly eight hours beginning 11 p.m. on saturday up to 7 a.m. on sunday.

sbi to pay 110 per cent dividend
kolkata: the board of directors of state bank of india at a meeting here on friday recommended 110 per cent dividend (rs 11 per share) for the year, inclusive of 10 per cent special dividend for the sbi group as a whole. sbi has reported 18.55 per cent growth in net profit at rs 3,681 crore in 2003-04 (rs 3,105 crore in 2002-03). the operating profit of the bank during the year under review amounted to rs 9,553.46 crore (rs 7,775.40 crore), recording a growth of 22.87 per cent.