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Rupee
strengthens
Mumbai: The rupee strengthened by around 8 paise against
the dollar to close at 41.10 on Thursday against the previous close of 41.18.
The domestic currency opened at 41.27 and saw an intra-day low of 41.28. Market
participants expect rupee to trade in the 41.30-41.40 range this week. In forwards,
the six-month premia closed at 5.96 per cent (6.06 per cent) while the 12-month
closed at 4.82 per cent (4.85 per cent). Bonds:
Bond prices rose by 15 paise and yields fell by around two basis points on
Thursday as market players expect lower inflation numbers this week. Volumes on
the NDS-order matching system were at Rs1,380 crore (Rs1,554 crore). G-secs:
The 8.07 per cent-10 year-2017 paper opened at Rs99.40 (8.16 per cent
YTM) and closed at Rs99.46 (8.15 per cent YTM) against Rs99.32 (8.17 per cent
YTM) on Monday. The
7.38 per cent-8 year 2015 paper opened at Rs95.35 (8.16 per cent YTM) and
closed at Rs95.38 (8.15 per cent YTM) against Monday's Rs95.3 (8.17 per cent YTM).
Call
rates: Call rates closed lower at 8.25-8.50 per cent on Thursday against the
previous close of 9-9.25 per cent. Reverse
repo: The RBI lent to banks Rs7,605 crore through the repo window while banks
parked Rs35 crore under the reverse repo with the central bank. In
the first one-day reverse repo auction, the RBI received and accepted one bid
for Rs25 crore. In the first one-day repo auction, the RBI received and accepted
ten bids for Rs4,380 crore. In
the second one-day reverse repo auction, the RBI received and accepted one bid
for Rs10 crore. In the second one-day repo auction, the RBI received and accepted
eleven bids for Rs3,225 crore. CBLO:
The CBLO market saw 398 trades aggregating Rs17,940.35 crore in the 6.25-7.75
per cent range.
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Q4 net rises by 29 pc
Mumbai: Housing Development Finance Corporation's
(HDFC) fourth-quarter net profit rose 29 per cent, on the back of higher loan
disbursements and maintenance of interest spreads even through a period of interest
rate hikes. Net profit for the quarter amounted to Rs550 crore, up from Rs426.5
crore in the corresponding year-ago period. The board of the company has recommended
a dividend of Rs22 per share. Interest
income rose 41 per cent to Rs 1,526 crore from Rs 1,081 crore. Other operating
income rose 30 per cent to Rs 201.8 crore (Rs154.7 crore). Total
expenditure rose 45.8 per cent to Rs1,051.7 crore (Rs721.3 crore). For fiscal
2006-07, net profit rose 25 per cent to Rs1,570 crore from Rs1,257 crore in the
previous year. Loan disbursements during the fiscal rose 27 per cent to Rs26,178
crore (Rs20,679 crore).
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