Money market: Rupee weaker
Mumbai: The rupee closed around 5 paise weaker at 43.46/47 per dollar in the domestic forex market on Friday, as against its Thursday closing at 43.42 levels.

Forwards Market: The six-month premium ended almost unchanged from its previous closing at 2.10 per cent while the one-year premium ended at 1.75 per cent (1.84 per cent).

G-Secs: Bond prices remained range-bound with the benchmark 7.38 per cent 2015 paper getting dealt up to Rs104.95 at 6.73 per cent yield to maturity as against its previous levels at 6.72 per cent YTM.

Call Rates: Steady at 4.75 per cent.

CBLO Market: 142 trades were conducted, amounting to volumes of Rs5,380.30 crore in the rate range of 3.75 per cent to 4.75 per cent.
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Task Force on micro credit for urban poor meets
New Delhi: The Task Force on Micro-credit for the urban poor and informal sector, with representatives from the Reserve Bank of India, nationalised banks, Nabard, SIDBI and private financial institutions and rating agencies, such as HDFC, ICICI and ICRA, held its first meeting here, and has decided to set up various sub-committees to examine issues concerning the sector.

These issues include structure, delivery mechanism, capacity building, financial sources and impediments in the flow of funds as also the regulatory and administrative support required.
At the meeting it was decided to seek briefs from all the taskforce members on the status of the activities undertaken by each one of them.
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