Rupee up on dollar weakness
The rupee gained against the dollar in tandem with the strengthening of other major currencies. The domestic currency was range-bound throughout the day. It opened at 45.06 and touched an intra-day low of 45.08. It closed the day ...
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Auctions under MSS to resume
The Reserve Bank of India (RBI) will resume the auctions of treasury bills under the Market Stabilisation Scheme (MSS) with effect from May 3, 2006, in view of the surging liquidity in the system. The RBI had suspended the auctions under MSS to ...
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Bond prices drop
The bond market was bearish and prices fell by around 10 paise. Dealers said the hardening of the US 10-year yields to 5.13 per cent caused a fall in the Indian bond market as well. "Despite a slight easing in the price of global ...
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SHORT TERM INSTRUMENTS
Call rates close at 5.5 per cent
The call rate closed at 5.5/5.6 per cent (5.55). In the first one-day reverse repo auction under LAF, the RBI received and accepted 33 bids amounting to Rs 38,755 crore and 29 bids for Rs 25,625 crore in the second auction. There ...
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