Business News – Newsletter for March 18, 2011

RBI Reference Rate for US $ and Euro

The Reserve Bank of India’s Reference Rate for the US dollar is ` 45.09 and the Reference Rate for Euro is ` 63.43 on March 18, 2011. The corresponding rates for the previous day (March 17, 2011) were ` 45.24 and ` 63.00 respectively. Based on the Reference Rate … Read the original article on Gaea Times at : RBI Reference Rate for US $ and Euro.

Liquidity Adjustment Facility: Auction Results

The results of the RBI Repo/Reverse Repo auctions held on March 18, 2011 are:

Amount (face value in ` crore)                           

Item

3 days Reverse Repo Auction
(Sale of securities by RBI)

3 days Repo Auction 
…. Source article on Gaea Times at  : Liquidity Adjustment Facility: Auction Results.

Money Market Operations as on March 17, 2011

…. Original article  : Money Market Operations as on March 17, 2011.

Interest Rate Futures on 91-Day Treasury Bills – Methodology for computing the weighted average discount yield

The amendment directions, issued by the Reserve Bank of India (RBI) on March 07, 2011, permitting trading of Interest Rate Futures (IRFs) on 91-Day Treasury Bills specifies that the final settlement price of the futures contract shall be based on the weighted average price/yield obtained in the weekly auction of the …. Source article  : Interest Rate Futures on 91-Day Treasury Bills – Methodology for computing the weighted average discount yield.

Second 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 
…. Original article on Gaea Times at  : Second Liquidity Adjustment Facility : Auction Results.

Saptagiri Gramin Bank, Chittoor ??? Penalised

The Reserve Bank of India has imposed a monetary penalty of ` 5.00 lakh (Rupees five lakh only) on Saptagiri Gramin Bank, Chittoor, 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 violation of Reserve Bank …. Original article on Gaea Times at  : Saptagiri Gramin Bank, Chittoor ??? Penalised.