Rupee firms up
Mumbai: The rupee firmed against the dollar on Tuesday due to good supplies related to the Holcim offer. On Tuesday, the rupee ended at 44.12, slightly higher than Monday's close of 44.1350.

Forwards: The forwards premia market eased somewhat with the six-month premium closing at 2.45 per cent (2.80-2.85 per cent) and the one-year closing at 1.9 per cent (2.2 per cent).

G-Secs: The 8.07 per cent -11 year-2017 paper closed at Rs105.19 (7.37 per cent YTM) up from Monday's level of Rs104.87 (7.41 per cent YTM). The 9.39 per cent-5 year-2011 paper ended at Rs110.91 (6.94 per cent YTM), up from the previous close of Rs110.73 (6.97 per cent YTM).

Call rates: The call rate was close to 7 per cent at the end of trade (6.75-7 per cent).

Repo auction: In the first one-day reverse repo auction, RBI received no bids but there were 24 bids for Rs8,920 crore in the repo auction. In the second one-day reverse-repo auction, RBI received six bids for Rs2,925 crore and eight bids for Rs2,710 crore in the repo auction.

CBLO: In the CBLO market, there were 409 trades for Rs20.713.7 crore in the rate range of 6.25-6.55 per cent.
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MetLife ties up with Deutsche bank to offer insurance
Kolkata: In a new kind of tie up Deutsche MF and MetLife Insurance have joined hands to provide a life cover to those who invest in Deutsche Tax Saving Fund.

The asset management company will insure resident individuals who are allotted units under the NFO, subject to certain conditions. The premium will be paid to MetLife, which will offer a Group Life Insurance Cover to investors.

The arrangement will be effective from the date of allotments, on an ongoing basis, and will remain operative till the investor concerned turns 60.

The minimum age for eligibility is 18.
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Securitisation guidelines expected on Feb. 2
Mumbai: RBI will issue guidelines on securitisation of standard assets on Thursday, RBI deputy governor V Leeladhar told the press here. Regarding the penalty imposed last week on banks for breach of prudent banking practices and facilitating misuse of Initial Public Offer (IPO) finance to ineligible borrowers, he said the penalty is itself a loss of reputation for banks.

RBI had imposed penalties on seven commercial banks including Bharat Overseas Bank Ltd, Citi Bank, HDFC Bank Ltd, ICICI Bank Ltd, Indian Overseas Bank, Standard Chartered Bank and Vijaya.
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