Rupee weakens
Mumbai: The rupee weakened by 18 paise on Wednesday because of dollar demand.

The rupee opened at 44.46/48, touched an intra-day low of 44.55 and ended at 44.55/56 against Tuesday's close at 44.37. The rupee also tracked other currencies like the yen and the euro.

In forwards, the 6-month closed at 3.05 per cent (3.49 per cent) and the 12-month at 2.69 per cent (2.91 per cent).

Bonds: Bond prices fell by 24 paise as dealers offloaded government securities ahead of the Rs4,000-crore auction on January 12. Total traded volumes on the order matching system were lower at Rs2,800 crore (Rs2,875 crore).

G-secs: The 8.07 10-year-2017 paper opened at Rs104 (7.49 per cent YTM) and closed at Rs103.78 (7.52 per cent YTM) against the previous close of Rs104.02 (7.49 per cent YTM).

The 7.59 9-year-2016 paper opened at Rs100.48 (7.51 per cent YTM) and closed at Rs100.35 (7.53 per cent YTM) against the previous close of Rs100.52 (7.5 per cent YTM).

Call rates: Banks have borrowed over Rs18,000 crore from the RBI at 7.25 per cent even as the call rates ruled at 8-8.25 per cent against the previous close of 8.25 per cent- 8.50 per cent on Tuesday.

Reverse repo: In the first one-day reverse-repo auction under LAF, the RBI received and accepted one bid for Rs20 crore and in the first one-day repo auction, the bank received and accepted 15 bids for Rs6,930 crore. In the second one-day reverse-repo auction, the bank accepted and received seven bids for Rs830 crore and in the second one-day repo auction, the central bank received and accepted 22 bids for Rs11,380 crore.

CBLO: The CBLO market saw 326 trades aggregating Rs19, 828.35 crore in the 7.15 per cent-7.50 per cent range.
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ICICI Bank collects $2bn through overseas bonds
Mumbai: ICICI Bank has raised a $2 billion of bonds from overseas markets to fund loans growth in the country and also global expansion.

The bank raised the funds through floating-rate bonds of $500 million maturing in 2010, $750 million fixed-rate notes maturing in 2012 and $750 million fixed-to-floating rate bonds due in 2022.

With this, ICICI Bank has raised a total of about $4 billion (close to Rs20,000 crore) of debt, including Tier 1 and Tier 2 capital, in the current financial year.

ICICI Bank officials said $1.25 billion would be used for the bank's international operations and the third tranche of $750 million would be upper Tier 2 capital used for domestic operations.
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