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Rupee recovers - bond prices fall
Mumbai: The rupee recovered some of its losses and ended trade at 43.61, against the US dollar, higher than Monday's close of 43.67.

Forward market: The 12-month premium closed at 1.25 per cent (1.27 per cent) and the 6-month premium closed at 1.36 per cent (1.4 per cent).

G-Secs: The 7.38 10 year-2015 benchmark paper closed at Rs103.35/40 (6.92 per cent YTM) against Monday's close of Rs103.50 (6.8950 per cent YTM). The 7.55 5-year 2010 paper closed at Rs104.72/75 (6.65 YTM).

Call rates: The inter bank rates were in the range of 5-5.10 per cent (4.90-5.10 per cent).

CBLO market: 183 trades, aggregating to Rs9842.50 crore, in the rate range of 4.81 to 5.10 per cent were realised.
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Reliance Info and SBI tie up for bill payment
Madurai: Reliance Infocomm has tied up with State Bank of India (SBI) for online RIM bill payment through R World. As per the arrangement, an RIM user with an SBI account will be able to pay the bill directly from his account, free of charge.

A personal identification number (PIN) is required to access the RIM bill payment facility on R World. One will need to register on www.onlinesbi.com and within 48 hours, a four-digit PIN will be sent via SMS.

A customer can also check details of his / her previous transaction and current usage charges, including the unbilled amount, says a press release.
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RBI: No prior permission needed for global debit cards
Mumbai: Banks that issue smart cards, store value cards or charge cards to residents traveling overseas on private or business trips need not take prior permission of the Reserve Bank of India, the apex bank has stated in a press release.

However, the use of such cards is limited to current account transactions and subject to the prescribed limits under the Foreign Exchange Management Rules, the RBI said.

International debit cards issued by banks cannot be used on the Internet for participation in sweepstakes, payment of call-back services, purchase of items such as lottery tickets, banned or proscribed magazines, or other items for which withdrawal of foreign exchange is not permitted, the release said.

Banks may also have to submit an annual statement in case the aggregate forex utilisation by the debit cardholders exceeds $1,00,000 in a calendar year, the release said.
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Central Bank pays Rs.35 crore dividend to Govt
New Delhi: The Central Bank of India has paid Rs35 crore to the Government as dividend for 2004-05.

The bank's Chairman and Managing Director, Dalbir Singh, presented the dividend cheque to the Finance Minister, P. Chidambaram.
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