Rupee declines - securities weaken
Mumbai: The rupee closed lower at 43.71/73 against the dollar on Tuesday, nearly eight paise below its previous close at 43.6350/6450.

Forwards Market: The six-month forward closed at 1.55 per cent (1.53 per cent) and the twelve-month forward premium finished at 1.10 per cent (1.07 per cent).

G-Secs: Bond prices ended lower by nearly 10 to 15 paise. The benchmark 7.38 per cent 2015 paper ended 12 paise lower than previous close at Rs104.80 at an yield of 6.75 per cent. The 7.55 per cent 2010 paper closed 15 paise lower than previous levels at Rs104.90 at a yield of 6.47 per cent.

Call Rates: Traded in the range of 4-4.70 per cent.

CBLO Market: 125 trades worth Rs5,316.25 crore were transacted in the rate range of 3-4.75 per cent.
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SBI to finance Tata vehicles
Mumbai: Tata Motors has signed an MoU with State Bank of India (SBI) making the latter its `preferred financier' for financing commercial vehicle sales.

An official statement said that as a preferred financier, SBI will work together with Tata Motors to promote and make available organised finance facility at competitive interest rates and concessions to Tata Motors customers all over the country, including those in semi urban and rural areas.

Tata Motors and SBI will also design and offer special promotional schemes for customers, from time-to-time.
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