Rupee declines marginally
Mumbai: The rupee fell marginally by around two-three paise. The dollar fell against major currencies like the yen and yuan. The rupee opened at 44.29/31, touched an intra-day high of 44.34/35 to finally close at 44.30/31 against Thursday's 44.27/28.

In forwards, the 6-month closed at 3.56 per cent (3.71 per cent) and the 12-month ended at 3 per cent (3.03 per cent).

Bonds: Bond prices rose 23 paise on easing of US yields. Total traded volumes on the order matching system were around Rs2,450 crore (Rs2,335 crore).

G-secs: The 8.33 per cent-30 year-2036 paper is to be auctioned for a notified amount of Rs4,000 crore on January 12 while the auction of a security in the 10-15 year segment stands cancelled.

The 7.59 per cent-9 year-2016 paper opened at Rs100.25 (7.55 per cent YTM) and closed at Rs100.27 (7.54 per cent YTM), against Rs100.07 (7.58 per cent YTM) on Thursday.

The 8.07 per cent-10 year-2017 paper opened at Rs103.60 (7.55 per cent) and ended at Rs103.68 (7.54 per cent YTM), up from Thursday's Rs103.45 (7.57 per cent YTM).

Call rates: Call rates ruled at 6.25-6.75 per cent against previous close of 6.5-6.7 per cent on Thursday.

Reverse Repo: In the first three-day reverse-repo auction under LAF, the RBI did not receive any bid and in the first three-day repo auction, it received and accepted 15 bids for Rs6,460 crore.

In the second three-day reverse-repo auction, the RBI accepted and received 34 bids for Rs11,770 crore and in the second three-day repo auction, it received and accepted one bid for Rs125 crore.

CBLO: The CBLO market saw 417 trades aggregating Rs18,052.8 crore in the 1.5-8 per cent range.
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Forex reserves up $1.02-bn
Mumbai: India's foreign exchange reserves were up $1.018 billion to touch $177.251 billion in the week ended December 29, 2006 mainly on foreign currency revaluation.

In the previous week, forex reserves increased $714 million to touch $176.233 billion. The euro gained from $1.3109 to $1.3181 in the week under review while the dollar was weak against most global currencies. The rupee too touched a 10-month high against the dollar that week. On Friday, the rupee closed at 44.31.

As per the Reserve Bank of India's weekly statistical supplement, foreign currency assets rose $996 million to touch $170.187 billion. Foreign currency assets expressed in dollars include the effect of appreciation or depreciation in non-US currencies (such as euro, sterling and yen) held in reserves.
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