Rupee down 6 paise
The rupee, at 45.28, closed six paise weaker in value to the dollar on Thursday.
Forwards Market - The six-month forwards ended at 0.45 per cent (0.41 per cent) while the premium for one year ending was at 0.47 per cent (0.48 per cent).
G-Secs - The 8.07 per cent 2017 closed at Rs 122.85 (Rs 122.75), while the 7.37 per cent 2014 closed at Rs 116.77/80 (Rs 116.70).
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SCILL's debt plan gets top rating
Mumbai: Standard Chartered Investments and Loans (India) Limited's (SCILL) proposed short-term debt programme of up to Rs 200 crore has received the highest rating of `P1+' from CRISIL.
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HSBC has appetite for more home loan portfolios
Mumbai: HSBC today launched `Smart Home' a savings-linked home loan product. Subscription to this scheme necessitates that the customer open a current account with HSBC with the EMI varying from month to month depending on the balance maintained in the account. The feature of the scheme is that although one earns no interest on the balance maintained in the current account, the customer, according to the bank, can save up to 50 per cent on interest expenses of the loan. The loan comes at a floating interest rate of 7.5 per cent with a maximum tenor of 20 years.
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Highest safety rating for GAIL bonds
New Delhi: ICRA has assigned a `LAAA' rating, to the Rs 1,000-crore non-convertible bonds (NCD) programme of GAIL (India) Ltd. The rating indicates the highest safety. The highest safety ratings, according to an ICRA statement, take into account GAIL's strong market position in the gas transmission and distribution business, its strong financial position arising out of its healthy profitability resulting in strong cash generation from operations and low gearing. GAIL is primarily engaged in the natural gas transmission business with a market share in excess of 90 per cent
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KYC guidelines: RBI to review progress
Mumbai: A senior official of the Reserve Bank of India has said that it will soon review the progress made by banks in implementing the `Know Your Customer' (KYC) guidelines. Under these guidelines the banks are supposed to keep a tab on money laundering activities by its customers.

The central bank had set a timetable in December for banks to adhere to KYC procedures for customer accounts, including individuals and corporates. The detailed regulations and norms relating to monitoring of money laundering are soon to be released by RBI and according to the official the bank expects the system to be in place by December 2004.
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