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Rupee
volatile
Mumbai: The rupee gained 7 paise against the dollar
on Friday to close at 45.83/84. On Thursday, the rupee
had closed at 45.90/92.
Forwards Market: The six-month forward ended at
1.45 per cent (1.08 per cent), while the twelve-month
forward closed at 1.20 per cent (0.95 per cent).
G-secs: The YTM on the 10-year benchmark 7.37 percent
2014 went to its highest levels in the past one year touching
5.89 per cent before settling at 5.84 per cent. The 8.07
per cent 2017 paper closed at Rs 116.35/50. The 7.38 per
cent 2015 paper closed at Rs 111.40
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Lord
Krishna Bank with Arabian Exchange Company tie up
Kochi: Lord Krishna Bank has announced that it
has tied up with the Arabian Exchange Company in Doha,
to facilitate remittances from Qatar to all its branches
in India. This will enable expatriate Indians in Qatar
to remit money back home quickly and at the lowest cost
possible.
As per the terms of the agreement signed with Lord Krishna
Bank, the exchange company would also issue demand drafts
in Indian rupees payable at Lord Krishna Bank branches,
as well as receive credit against remittances made in
Qatar within 24 hours. The bank already has such agreements
with Al Ansari Exchange and UAE Exchange in Abu Dhabi
and Wall Street and Federal Exchange in Dubai.
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Deutsche
Bank gets Finance Asia magazine award
Mumbai: The Deutsche Bank has been named the "Best
Foreign Investment Bank in India" in the annual Finance
Asia Magazine awards announced in Hong Kong. This award,
said the bank in a press release, comes as a result of
significant investment by Deutsche Bank to India in recent
years.
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