Rupee gains 26 paise
Mumbai: The rupee closed at 45.22/24 on Wednesday, stronger by 26 paise compared to Tuesday's close of 45.48 per dollar.
Forward Market: The six-month forward closed at - 0.65 per cent (-0.22 per cent) and the one-year forward closed at - 0.30 per cent (-0.08 per cent).
G-Secs: The 8.07 per cent 2017 came down to Rs 123.50/55. The 7.37 per cent 2014 closed at Rs 116.82/85.
Call rates: Remained steady at 4.25 per cent in the inter-bank market.
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State loan sales on May 26
Mumbai: The Reserve Bank of India has announced a state loan auction for Rs 8,000 crore to be held on May 26 Nineteen State Governments have offered to sell, on tap, 5.70 per cent State Development Loans, maturing in the year 2014. The States will have an option to retain up to 20 per cent of excess subscription, on account of debt swap scheme in the current financial year, said an RBI press release.

The States that will tap the market are, Andhra Pradesh, Assam, Bihar, Chhattisgarh, Gujarat, Haryana, Himachal Pradesh, Jammu & Kashmir, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Orissa, Punjab, Rajasthan, Tamil Nadu, Uttar Pradesh and West Bengal. In addition, Kerala and Tamil Nadu will be raising an aggregate amount of Rs 380 crore as a part of their normal market borrowings, the release said.
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Central Bank doubles net profit
Mumbai: Central Bank of India has recorded a 102 per cent jump in net profit for the financial year ended March 31,2004, at Rs 618.11 crore as against a net profit of Rs 305.52 crore in the corresponding period, the previous year. Operating profit grew to Rs 1,528.93 crore (Rs 923.85 crore), said a press release. The capital adequacy ratio was up at 12.43 per cent (10.51 per cent).
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