Rupee firm- Bonds drift
Mumbai: The rupee closed almost unchanged from its previous levels at 45.85/86 on Thursday, as against 45.8650 on Wednesday.

G-Secs: The 6.65 per cent 2009 paper closed at Rs101.35. The 7.38 per cent 2015 got traded up to Rs106.55.

Call Rates remained at 4.50 per cent levels.
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Magma Leasing offers car loans at 2.99 pc interest
Hyderabad: Magma Leasing Ltd (MLL), the Kolkata headquartered Rs867-crore non banking financial institution, has launched its car loan product, christened 'Magma Carisma', at an introductory interest rate as low as 2.99 per cent. The introductory interest rate would continue till Diwali, and there will be no limit on the number of cars to be financed.

The company has been growing rapidly at a compounded annualised growth rate (CAGR) of 79 per cent in the last four years, and has set an ambitious target of achieving disbursal of Rs1,352 crore of retail loans during the current fiscal, compared to Rs867 crore in the previous fiscal. The company has already achieved a gross business of Rs575-crore during the first half of this fiscal.
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