Business News – Newsletter for March 10, 2011

RBI releases its Monthly RBI Bulletin for March 2011

The Reserve Bank of India today released March 2011 issue of its monthly RBI Bulletin (www.rbi.org.in/scripts/BS_ViewBulletin.aspx) . The March issue carries five special articles: (i) North-East Monsoon 2010: An Overview (October 1 to December 31, 2010), (ii) India’s Foreign Trade: 2010-11 (April-December), (iii) Quarterly Industrial Outlook Survey: October-December 2010 …. Source article  : RBI releases its Monthly RBI Bulletin for March 2011.

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 45.11 and the Reference Rate for Euro is ` 62.56 on March 10, 2011. The corresponding rates for the previous day (March 9, 2011) were ` 45.02 and ` 62.54 respectively. Based on the Reference Rate for …. Original source  : RBI Reference Rate for US $ and Euro.

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on March 10, 2011 are:

Amount (face value in ` crore)                            

Item

1 day Reverse Repo Auction
(Sale of securities by RBI)

1 day Repo Auction 
…. Source  : Liquidity Adjustment Facility : Auction Results.

Money Market Operations as on March 09, 2011

… Read this article on Gaea Times at : Money Market Operations as on March 09, 2011.

Second Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on March 9, 2011 are:

Amount (face value in ` crore)                            

Item

1 day Reverse Repo Auction
(Sale of securities by RBI)

1 day Repo Auction 
… Read more : Second Liquidity Adjustment Facility : Auction Results.

364 days Treasury Bills : Auction Result

Date of Auction : March 9, 2011

I.

Notified Amount

` 3000.00 crore

II.

Underwriting notified amount

N.A.

III.

Competitive Bids received

(i)

Number

88

(ii)

Amount

` 11561.75 crore

IV.

Cut-off price

` 92.97 (YTM is 7.5824%)

V.

Competitive bids accepted

(i)

Number

25

(ii)

Amount

` 3000.00 crore

VI.

Partial Allotment Percentage of
Competitive Bids … Original article on : 364 days Treasury Bills : Auction Result.

Scheduled Banks’ Statement of Position in India as on Friday, February 25, 2011

(Amount in Rupees crore)

Scheduled Commercial Banks (SCBs)
(including RRBs)

All Scheduled Banks

26.02.2010

11.02.2011

*

25.02.2011

*

26.02.2010

11.02.2011

*

25.02.2011

*

 I

Liabilities to the Banking System (A)

a) Demand & time deposits from banks

56165.32

68248.23

70964.58

58465.98

70996.24

73691.67

**

b) Borrowings from banks

21068.47

26331.36

26351.59

21080.84

26513.04

26535.54

c) Other demand & time liabilities

5857.56

6981.33

7099.07

5859.88

6986.17

7103.05

II

Liabilities …. Original source  : Scheduled Banks’ Statement of Position in India as on Friday, February 25, 2011.

91 days Treasury Bills : Auction Result

Date of Auction : March 9, 2011

I.

Notified Amount

` 5000.00 crore

II.

Underwriting notified amount

N.A.

III.

Competitive Bids received

(i)

Number

75

(ii)

Amount

` 10908.4050 crore

IV.

Cut-off price

` 98.25 (YTM is 7.1443%)

V.

Competitive bids accepted

(i)

Number

43

(ii)

Amount

` 5000.00 crore

VI.

Partial Allotment Percentage of Competitive Bids

79.88 (24 Bids)

VII.

Weighted Average Price

` 98.25

VIII.

Non-competitive bids received

(i)

Number

1

(ii)

Amount

` 500.00 …. Original article  : 91 days Treasury Bills : Auction Result.