Rupee hits 46-month high
Mumbai: The rupee gained 27 paise to close at a 46-month high of 44.46/48 in its value against the dollar.
Forwards Market - The six months premium closed at 0.69 per cent (0.62 per cent) and the one-year closed 0.65 per cent (0.62 per cent).
G-Secs - The 7.40 per cent 2012 paper gained five paise to end the day at Rs 115.30. The 8.07 per cent 2017 paper gained 35 paise to close at Rs 124.32.
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RTGS goes live for the first time
Mumbai: The Reserve Bank of India has started live operations on the real time gross settlement (RTGS) system amongst four banks. These four banks have been conducting trials runs with mock transactions on the online clearing and settlement system for the past two months.

The banks include State Bank of India, HDFC Bank, Saraswat Bank and the Standard Chartered Bank, India.The system is expected to transform the payment system in the country. The central Bank expects that all prospective RTGS participants will join the system in about three months.
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Government clears 34 FDI proposals
New Delhi: The Minister for Finance and Company Affairs Jaswant Singh cleared a total of 34 FDI proposals worth Rs 30.98 crore. Amongst them is the proposal from IndusInd International Holdings Ltd. to invest Rs 16.90 crore in the company's Indian operations to acquire shares of IndusInd Bank from the secondary market.

Network Digital Distribution Services' plan to acquire 20 per cent stake in Space TV Private Ltd. has been approved as well.The Hitachi Construction Machinery Co Ltd's plan to increase its stake in Telco Construction Equipment Co Ltd., involving an FDI inflow of Rs. 2 crore has been approved as well.
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Dena Bank places bonds for Rs.150 crore
Mumbai: Dena Bank has announced a private placement of unsecured, subordinated debt by way of Tier II bonds for Rs.150 crore, inclusive of a greenshoe option of Rs.50 crore, according to a press release.The bonds, rated A by CARE, have a tenor of 209 months bearing a coupon rate of 6.20 per cent payable annually.
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ICICI Bank public issue to open April 2
Mumbai: ICICI Bank has fixed a price band of Rs.255 to Rs.295 per equity share for its public issue, which intends to collect over Rs.3, 050-crore. The issue is due to open on April 2.The public issue will have a green shoe option of Rs.450 crore, and the bidding will be through the book-building route. The issue will close on April 7.
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