Rupee firms further - G-Secs move up
Mumbai: The rupee strengthened by about four paise, from its previous close of 45.87/88, to close at 45.8350 against the dollar.

Forwards Market: The six-month forward closed at 1.90 per cent (1.89 per cent) and the 12-month forward at 1.61 per cent (1.58 per cent).

Call Rates: in the inter-bank market on Tuesday moved up to 5.00 per cent, dealers said. A few quotes were also received for 5.25 per cent, with the range being 4.75 -4.95 per cent.

G-Secs: The 10-year benchmark 7.37 per cent 2014 paper ended lower at Rs108.90 at a yield of 6.12 per cent. The 11-year benchmark 7.38 per cent 2015 paper finished at Rs109.60.

CBLO market: 130 trades worth Rs4,133.85 crore were transacted in the rate range of 4.35-5.00 per cent.
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RBI winds up state-level export promotion committee
Mumbai: The Reserve Bank of India has decided to wind up the State Level Export Promotion Committee (SLEPC) and constitute a separate sub-committee under the State Level Bankers Committee (SLBC) for the redressal of exporters' grievances.

According to the bank, in light of several other forum available to exporters to ventilate their grievances at the State level, it has been decided, in consultation with the Government, to wind up SLEPCs. The exporters' problems in relation to export finance and other bank related issues at the State level will now be taken up by the sub-committee of SLBC.
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