Rupee firms up
Mumbai: The domestic currency closed almost 20 paise up on Friday, ending at 45.66/67 against the dollar.
Forwards Market: The six-month forward closed at 1.28 per cent (1.16 per cent) while the twelve-month forward closed at (1.23 per cent) 1.14 per cent.
G-Secs: Market saw trades of about Rs 500-600 crore by way of an undeclared protest following the announcement in the Union Budget regarding the 0.15 per cent transaction tax to be levied on exchange traded transactions. The normal trade sees volumes of Rs 3,000-4,000 crore. The 7.38 per cent 2015 paper, 7.37 per cent 2014 paper and a few short-end papers along with a few floating rate bonds were traded.
Call Rates: In the range of 4.25-4.50 per cent.
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Government withdraws three savings bond schemes
Mumbai: The Government has decided to withdraw the 6.5 per cent Savings (Non-taxable) Bonds Scheme and the two Deposit Schemes for Retiring Employees. Accordingly, the issue of 6.5 per cent Savings (Non-taxable) Bonds, 2003 and acceptance of fresh deposits under the Deposit Scheme for Retiring Government Employees, 1989 and Deposit Scheme for Retiring Employees of Public Sector Companies, 1991 shall cease with effect from the close of business on July 9.
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