Business News – Newsletter for March 8, 2011

The Muslim Co-operative Bank Ltd., Pune, Maharashtra ??? Penalised

The Reserve Bank of India has imposed a monetary penalty of ` 1.00 lakh (Rupees one lakh only) on The Muslim Co-operative Bank Ltd., Pune, Maharashtra, in exercise of powers vested in it under the provisions of Section 47(A)(1)(b) read with Section 46(4) of the Banking Regulation Act, 1949 (AACS) for … Read more »».

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 45.03 and the Reference Rate for Euro is ` 62.94 on March 8, 2011. The corresponding rates for the previous day (March 7, 2011) were ` 45.13 and ` 63.06 respectively. Based on the Reference Rate for …. Original article  : RBI Reference Rate for US $ and Euro.

Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on March 8, 2011 are:

Amount (face value in ` crore)                           

Item

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

1 day Repo Auction
… Read more >>>.

Money Market Operations as on March 07, 2011

… Read : Money Market Operations as on March 07, 2011.

Second Liquidity Adjustment Facility : Auction Results

The results of the RBI Repo/Reverse Repo auctions held on March 7, 2011 are:

Amount (face value in ` crore)                            

Item

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

1 day Repo Auction 
(Purchase of … Original article on : Second Liquidity Adjustment Facility : Auction Results.

IRF Trading on 91-day T bills: RBI issues Amendment Directions

The Reserve Bank of India (RBI) today placed on its website the amendment directions on Interest Rate Futures (IRFs) permitting trading of IRFs on 91-Day Treasury Bills (www.rbi.org.in/scripts/NotificationUser.aspx?Id=6276&Mode=0) .

The 91-Day T-Bill Futures would have the following features:
a) The contract shall be on 91-Day Treasury Bills issued by the Government of …. Source article  : IRF Trading on 91-day T bills: RBI issues Amendment Directions.

Money Market Operations as on March 5, 2011

…. Source  : Gaea News Network.