Rupee weaker
Mumbai: The rupee closed at 45.33/35 on Thursday, weaker by 11 paise compared to Wednesday's close of 45.22/24 per dollar.
Forwards Market: The six-month closed at - 0.70 per cent (-0.65 per cent) and the one-year ended at - 0.35 per cent (-0.30 per cent).
G-Secs: The 8.07 per cent 2017 paper came down to Rs 123.62. The 7.46 per cent 2017 paper came down to Rs 118.30. The 7.37 per cent 2014 paper closed at Rs 116.74/75.
Call rates remained in the range of 4.25 to 4.50 per cent in the inter bank market.
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Andhra Bank opens financial services branch
Hyderabad: Andhra Bank has opened an exclusive branch for non-interest income operations. The branch provides a range of financial products and services under one roof. The bank said that the concept of financial services centre, which operates on a `hub and spoke' model to economise and provide modern facilities, would be initially confined to the bank's 110 branches in Hyderabad.
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General insurance officers' body gets recognition
Kochi: Following the referendum held on March 22 in the public sector insurance companies, the General Insurance Officers All India Association (GIOAIA), affiliated to INTUC, has received recognition. Other associations such as the United India Insurance Officers Association, National Insurance Company Officers Association, New India Assurance Officers Association, Oriental Insurance Company Officers Association have also received recognition. The criterion for recognition is 20 per cent representation of the total employees, he said.
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