Rupee firms up; bond prices fall
Mumbai: The domestic currency ended Tuesday on a stronger note at 46.35/36 per dollar closing seven paise higher from the previous day's close at 46.42/43.
Forwards Market: The six-month forward closed at 2.53 per cent (2.48 per cent) while the 12-month closed at 2.28 per cent (2.15 per cent).
G-Secs: The 10-year benchmark, 7.37 per cent 2014 paper fell about 80 paise from morning levels to close at Rs.105.95 at the yield of 6.53 per cent. The yield on the 11 year floating rate paper issued on Monday rose to 5.18 per cent before closing at 5.13 per cent at Rs.99.90.
Call rates: The call rates were tight at about 4.25-4.60 per cent.
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Vijaya Bank opts for Bank Alert warning system
Chennai: Vijaya Bank will install BankAlert, an early warning system to detect money laundering, fraud and out-of-profile behaviour of customers and accounts. Wipro Technologies would be the system integrator for the deployment and the software was being integrated with Finacle, the core banking software from Infosys.

The software would be a central installation as part of the bank's core banking solution. Bank officials said it would soon be operational in about 360 existing branches and 50 new branches. About 75 per cent of the bank's business is routed through these branches. The software would enable the bank to put every transaction through a validation check that would detect any abnormal transfer of funds to "undesirable hands".
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LVB ties up with Wall Street for NRI remittances
Chennai: Lakshmi Vilas Bank (LVB) has entered into a tie-up with Wall Street Exchange Centre, LLC, Dubai, to provide NRIs the opportunity to remit rupees through select branches. LVB's press release said the service can be used once a customer opened a designated depository account at Dubai with a local bank and Wall Street's NRI account.
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