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Rupee weakens
- bonds steady
Mumbai: The rupee weakened against the dollar on Monday even as euro lost
in value against the dollar in the international markets. The domestic currency
ended at 43.59/60, lower than Friday's close of. 43.53/54.
Forwards market: The 12-month premium closed at 1.04 per cent (1.21
per cent), while the 6-month premium closed at 1.08 per cent (1.31 per cent).
G-Secs: The 8.07-12 year 2015 paper finally ended trade at Rs107.30/35
(7.13 per cent YTM), almost unchanged from Saturday's close of Rs 107.35 (7.13
per cent YTM). The 7.55 5-year 2010 paper closed at Rs 103.10/12 (6.80
per cent YTM), a shade lower than Saturday's close of Rs103.15 (6.79 per cent
YTM).
Call rates: The inter bank rates were stable between 4.95-5.05 per
cent (5.05-5.10 per cent).
CBLO market: 158 trades were put through in the rate range of 4.85
to 5.10 per cent aggregating Rs5,811.50 crore.
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Banking
Results: Federal Bank
Federal Bank's Q4 net rises 30 per cent
Kochi: The
Federal Bank has registered a 30 per cent increase in its net profit at Rs29.86
crore during the fourth quarter ended March 2005. However, the bank's net
profit for the fiscal ending March 2005 fell by 34 per cent to Rs90.09 crore
from Rs136 crore recorded in the FY04 fiscal.
The
fall in the fiscal net is due to the previous one time absorption of depreciation
on investments on account of the transfer of securities to the HTM (Held to
Maturity) category and dip in trading gains.
The
operating profit of the bank, exclusive of trading profit, recorded a growth
of 29.47 per cent from the previous fiscal. The net interest income for the
fiscal went up by 19.09 per cent to Rs502.28 crore from Rs421.77 crore during
the previous fiscal.
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