17 july 2004

rupee up 15 paise; securities recover
mumbai: the rupee closed 15 paise stronger on friday dipping below the rs46 mark closing at 45.95 per dollar. on thursday, the domestic currency had closed at 46.1050/1100.

forward market: the six-month forward closed at 1.65 per cent (1.84 per cent) and the one-year forward closed at 1.50 per cent (1.61 per cent).

g-secs: the 10-year benchmark 7.37 per cent 2014 paper closed higher at rs 110.30. the 11-year benchmark 7.38 per cent 2015 paper closed about five paise higher than its opening at rs 110.35.

call rates: easy at 4.25-4.35 per cent.

lic premium payments through the ecs
chennai: the life insurance corporation has announced that it has introduced the facility of paying the premium through the electronic clearance service for its policyholders in chennai.
the facility, which takes effect on july 17, would allow policyholders' premiums to be automatically deducted from their bank balances. chennai is the second city where lic has introduced the ecs facility. earlier, lic had introduced the same in mumbai.

central bank pays rs 35 cr-dividend
new delhi: the central bank of india has paid a dividend of rs 35 crore to the union government for 2003-04.

16 july 2004