Rupee stabilizes and bonds recover
Mumbai: The rupee ended the week at 46.47/48 against the dollar, unchanged from its previous closing levels, even as bond prices recovered lost gains across maturities.
Forwards Market: The six-month forward ended at 2.60 per cent (2.76 per cent) while the 12-month forward ended at 2.05 per cent (2.08 per cent).
G-Secs: Yield on the ten-year benchmark eased to 6.16 per cent from the sixteen month high of 6.28 per cent reached on Thursday. The 7.37 per cent 2014 paper ended at Rs.108.00. The 11-year benchmark rose by almost a rupee to end the day at Rs.108.70.
Call Rates: In the range of 4.00-4.25 per cent.
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CBI investigating RBI currency consignment shortfall
Thiruvananthapuram: A sum of Rs.50 lakh is believed to have gone missing from a currency consignment received at the Reserve Bank of India's regional office in Thiruvananthapuram from the Mysore unit of the Bharatiya Reserve Bank Note Mudra Ltd. An RBI spokesperson has confirmed that there was "some shortfall" in a currency consignment received by the RBI's regional office in Thiruvananthapuram. According to police sources the Central Bureau of Investigation (CBI) is investigating the disappearance of the money.
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SBI pays out Rs.345 crore dividend to Government
Mumbai: The State Bank of India has paid a dividend of Rs.345.77 crore for the financial year 2003-04 to the Government of India.
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Catholic Syrian Bank retirement fund to be managed by Birla SunLife
Kochi: The Thrissur based Catholic Syrian Bank has decided to subscribe to Birla Sun Life Insurance Company's (BSLI) group superannuation plan. The superannuation fund with a corpus of Rs.10 crore is expected to provide market-linked returns.
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State Bank of Indore and Franklin Templeton tie up
Mumbai: Franklin Templeton Investments (India) has signed a Memorandum of Understanding with State Bank of Indore, for distribution of its schemes. Under the agreement, State Bank of Indore, a subsidiary of State Bank of India, will distribute the entire range of Franklin Templeton schemes through its branches, said a company press release. Initially the alliance will cover 33 cities and will be rolled out to at least 100 locations in a phased manner.
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