Rupee up against dollar
Mumbai: The rupee rose against the dollar along with the strengthening of other major currencies. The rupee opened at 45.06 and touched an intra-day low of 45.08 and closed the day at 45.02, higher than 45.13 on Wednesday.

Forwards: In the forward premia market, the six-month closed at 1.30 per cent (1.26 per cent) and the 12-month ended at 1.25 per cent (1.22 per cent).

Bond prices: The bond market was bearish and prices fell by around 10 paise.

G-secs: The 7.4 per cent-6 year-2012 paper opened and ended at Rs101.30 (7.13 per cent YTM), lower than Thursday's close at Rs101.36 (7.12 per cent YTM). The benchmark 7.59 per cent-10 year-2016 paper opened and closed at Rs101.20 (7.42 per cent), down from Thursday's Rs101.30 (7.4 per cent YTM).

Call rates: The call rate closed at 5.5/5.6 per cent (5.55).

Repo auction: In the first one-day reverse repo auction under LAF, the RBI received and accepted 33 bids amounting to Rs38,755 crore and 29 bids for Rs25,625 crore in the second auction. There were no repo bids.

CBLO: The CBLO market saw 289 trades, aggregating Rs19,023.85 crore in 5.24-5.50 per cent range.
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Auctions under MSS to resume
Mumbai: The Reserve Bank of India (RBI) is planning to resume the auctions of treasury bills under the Market Stabilisation Scheme (MSS) from May 3, 2006, in view of the surging liquidity in the system.

The RBI had suspended the auctions under MSS to tide over the crunch in liquidity.

The RBI will also increase the notified amount for regular weekly auctions of 91-day treasury bills by Rs1,500 crore and those for fortnightly 182-day and 364-day treasury bill auctions by Rs1,000 crore each. The auctions will be conducted in accordance with the annual ceiling fixed at Rs70,000 crore by the government of India and the RBI for 2006-07.
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