Rupee at yearly high
Mumbai: The rupee stood at a yearly high at the close on Friday on the back of strong FII inflows. The Indian currency opened at 44.10/11 against the dollar, touched an intra-day low of 44.15 and intra-day high of 44.08, before finally ending at 44.11/12, against the previous close of 44.18/19.

The six-month forward premia closed at 3.42 per cent (3.52 per cent) and the one-year closed at 3.03 per cent (3.08 per cent).

Bonds: Bond prices rose by over 20 paise as key rates (other than the repo rate) stayed untouched in the quarterly review of the Credit Policy. Total traded volumes on the order matching system were Rs3,570 crore (Rs4,545 crore).

Call rates: The inter-bank call rates closed at 7.80-7.90 per cent (7.70-7.80 per cent) on Friday. Reverse repo: In the first three-day reverse repo auction under LAF, the RBI received one bid for Rs300 crore and 12 bids for Rs6,665 crore were accepted in the repo auction.

In the second two-day reverse-repo auction the RBI accepted nine bids for Rs3,045 crore and in the repo auction, 14 bids for Rs4,130 crore were accepted.

CBLO: The CBLO market saw 361 trades aggregating Rs21,132.15 crore in the 7-7.60 per cent range.
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Forex reserves up $924 m
Mumbai: According to the RBI Weekly Statistical Supplement, Indian forex reserves were up $924 million to $179.052 billion, for the week ended January 26, on a growth in foreign currency assets. This is against last week's, forex reserves increase of $702 million to $178.128 billion. Foreign currency assets expressed in dollars include the effect of appreciation or depreciation in non-US currencies (euro, sterling and yen) held in reserves. Foreign currency assets have increased by $916 million to touch $171.984 billion,

Gold was unchanged at $6.517 billion and SDRs increased $9 million to $10 million. India's reserve position in the IMF decreased by $1 million to $541 million.
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Indiabulls Fin Q3 net rises 143 pc
Mumbai: Indiabulls Financial Services has recorded a 143 per cent increase in its net profit at Rs36.3 crore for the quarter ended December 2006 compared with Rs14.93 crore posted during the corresponding quarter of the previous fiscal.

Total income of the company grew 88 per cent to Rs79.79 crore (Rs42.44 crore). Earnings per share increased to Rs1.89 (Rs0.92). The company has declared an interim dividend of Rs2 per equity share, as per an official release.
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