Business News – Newsletter for March 17, 2011
Thursday, March 17, 2011
RBI Reference Rate for US $ and Euro
The Reserve Bank of India’s Reference Rate for the US dollar is ` 45.24 and the Reference Rate for Euro is ` 63.00 on March 17, 2011. The corresponding rates for the previous day (March 16, 2011) were ` 45.18 and ` 63.13 respectively. Based on the Reference Rate for US … Read more >>.
Mid-Quarter Monetary Policy Review: March 2011
Monetary Measures
On the basis of the current macroeconomic assessment, it has been decided to:
increase the repo rate under the liquidity adjustment facility (LAF) by 25 basis points from 6.5 per cent to 6.75 per cent with immediate effect; and
increase the reverse repo rate under the LAF by 25 basis points …. Source : Gaea News Network.
Data on ECB/FCCB for January 2011
The Reserve Bank of India has today released the data on External Commercial Borrowings (ECB) (www.rbi.org.in/scripts/ECBUserView.aspx?Id=86) and Foreign Currency Convertible Bonds (FCCB), both through Automatic Route and Approval Route, for the month of January 2011.
Ajit Prasad
Assistant General Manager
Press Release: 2010-2011/1328
…. Source : Data on ECB/FCCB for January 2011.
Liquidity Adjustment Facility : Auction Results
The results of the RBI Repo/Reverse Repo auctions held on March 17, 2011 are:
Amount (face value in ` crore)
Item
1 day Reverse Repo Auction
(Sale of securities by RBI)
1 day Repo Auction
…. Source : Gaea News Network.
Money Market Operations as on March 16, 2011
… Original article on : Money Market Operations as on March 16, 2011.
Second Liquidity Adjustment Facility : Auction Results
The results of the RBI Repo/Reverse Repo auctions held on March 16, 2011 are:
Amount (face value in ` crore)
Item
1 day Reverse Repo Auction (Sale of securities by RBI)
1 day Repo Auction
(Purchase …. Read the original article : here.
182 day Treasury Bills : Auction Result
Date of Auction : March 16, 2011
I.
Notified Amount
` 2,000.00 crore
II.
Underwriting notified amount
N.A.
III.
Competitive Bids received
(i)
Number
69
(ii)
Amount
` 10,035.57 crore
IV.
Cut-off price
` 96.41 (YTM is 7.4678%)
V.
Competitive bids accepted
(i)
Number
12
(ii)
Amount
` 2,000.00 crore
VI.
Partial Allotment Percentage of Comp. Bids
17.26 (4 Bids)
VII.
Weighted Average Price
` 96.42
VIII.
Non-competitive bids received
(i)
Number
1
(ii)
Amount
` 0.05 crore
IX.
Non-competitive bids accepted
(i)
Number
1
(ii)
Amount
` 0.05 crore
(iii)
Partial Allotment Percentage
100.00
…. Read the original article : 182 day Treasury Bills : Auction Result.
91 days Treasury Bills : Auction Result
Date of Auction : March 16, 2011
I.
Notified Amount
` 5000.00 crore
II.
Underwriting notified amount
N.A.
III.
Competitive Bids received
(i)
Number
82
(ii)
Amount
` 10,231.10 crore
IV.
Cut-off price
` 98.23 (YTM is 7.2274%)
V.
Competitive bids accepted
(i)
Number
55
(ii)
Amount
` 5000.00 crore
VI.
Partial Allotment Percentage of Competitive Bids
61.80 (12 Bids)
VII.
Weighted Average …. Original source : 91 days Treasury Bills : Auction Result.