26 May | document.writeln("


Rupee closes at 6-week low
Mumbai:
The rupee ended trade at 43.76/77 against Monday's close of 43.59/60.

Forwards market: The 12-month premium closed at 1.09 per cent (1.04 per cent) and the 6-month premium ended at 1.09 per cent (1.08 per cent).

G-Secs: The 8.07 12-year 2015 paper ended at Rs107.60/65 (7.10 per cent YTM) against Monday's close of Rs107.30/35 (7.13 per cent YTM). The 7.55 5-year 2010 paper ended at Rs103.20 (6.78 per cent YTM), against Monday's close of Rs103.10/12 (6.80 per cent YTM). The 7.38 10-year 2015 benchmark paper closed at Rs102.90 (6.98 per cent YTM) against the previous close of Rs102.80/85.

Call rates: The inter bank rates were unchanged between 4.95 to 5.05 per cent.

CBLO market: 185 trades, in the rate range of 4.01 to 5.05 aggregating Rs6,754.35 crore were realised.
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RBI: FRB, 2009 rate fixed at 5.59 per cent
Mumbai:
The Reserve Bank of India (RBI) has said that the rate of interest on the Government of India Floating Rate Bonds, 2009 (FRB, 2009) applicable for the half year (June 6, 2005 to December 5, 2005) will be 5.59 per cent per annum.

The rate on FRB, 2009 was set at a mark-up over and above the variable base rate.

The variable base rate based on the average rate of the implicit yields at cut-off prices of the said last six auctions of Government of India 364 day Treasury Bills works out to be 5.60 per cent.
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domain-B : Indian business : News Review : 1 June 2005 : banking and finance