Business News – Newsletter for March 12, 2011
Saturday, March 12, 2011
RBI refuses Issue of Authorisation to Zoha Inc, USA to Operate Cross Border Money Transfer Service in India
The Reserve Bank of India has refused the authorisation application of Zoha Inc, 291-Grove Street, Jersey City, New Jersey, 07302, USA to operate payment system for cross-border in-bound money transfer services. It has asked Zoha Inc, USA to wind-up their existing services for cross border money transfer …. Original article : RBI refuses Issue of Authorisation to Zoha Inc, USA to Operate Cross Border Money Transfer Service in India.
91-day Treasury Bills auction: Rs.5,000 crore under regular auction
The Reserve Bank of India has announced the auction of 91-day Government of India Treasury Bills for notified amount of Rs.5,000 crore. The auction will be conducted on March 16, 2011 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the …. Read the original article : here.
Nine State Governments announce Auction of State Development Loans 2021 for Rs. 5,232.860 crore on March 15, 2011
The following nine State Governments have announced the sale of their 10-year State Development Loans (SDLs) for an aggregate amount of Rs. 5,232.860 crore through yield based auction using multiple price auction method.
Sr. No.
State
Notified Amount (Rs. Crore)
1
Andhra Pradesh
550.000
2
Bihar
600.000
3
Gujarat
792.500
4
Haryana
650.000
5
Himachal …. Original source : Nine State Governments announce Auction of State Development Loans 2021 for Rs. 5,232.860 crore on March 15, 2011.
Second Liquidity Adjustment Facility : Auction Results
The results of the RBI Repo/Reverse Repo auctions held on March 11, 2011 are:
Amount (face value in ` crore)
Item
3 days Reverse Repo Auction
(Sale of securities by RBI)
3 days Repo Auction
…. Original source : Second Liquidity Adjustment Facility : Auction Results.
Reserve Bank of India ??? Bulletin Weekly Statistical Supplement ??? Extract
1. Reserve Bank of India – Liabilities and Assets
(` crore)
Item
2010
2011
Variation
Mar. 5
Feb. 25
Mar. 4#
Week
Year
1
2
3
4
5
6
Loans and advances
Central Government
—
—
—
—
—
State Governments
341
1,199
2,033
834
1,691
2. Foreign Exchange Reserves
Variation over
Item
As on Mar. 4, 2011
Week
End-March 2010
End-December 2010
Year
182-day Treasury Bills auction: Rs.2,000 crore under regular auction
The Reserve Bank of India has announced the auction of 182-day Government of India Treasury Bills for notified amount of Rs.2,000 crore. The auction will be conducted on March 16, 2011 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the …. Original source : 182-day Treasury Bills auction: Rs.2,000 crore under regular auction.
Foreign Exchange Turnover Data
The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period February 21, 2011 to February 25, 2011.
All Figures are in USD Millions
Position
Date
MERCHANT
INTER BANK
FCY / INR
FCY / FCY
FCY / INR
FCY / … Original article on : Foreign Exchange Turnover Data.