The rupee rose to its highest in a month on Monday, tracking strong regional currencies and as foreign banks bought the local currency to arbitrage in the offshore non-deliverable forwards (NDF) market.
Entries Tagged 'RBI' ↓
Rupee hits 1-mth high on strong Asian units
January 4th, 2010 — RBI, Stock News
RBI absorbs Rs 304 bn via Reverse repos
September 5th, 2007 — RBI
The Reserve Bank of India (RBI) absorbed Rs 304 billion via 1-day reverse repos on Sep. 05, 2007 compared to Rs 370 billion absorbed on Sept 4th 2007.
At the auction conducted under liquidity adjustment facility, the central bank received 19 bids for 1-day reverse repos, which were all accepted.
RBI reference rates for Dollar and Euro
September 3rd, 2007 — RBI
Reserve Bank of India (RBI) on Monday fixed the reference rate for the US currency at Rs 40.88 per dollar and the single European unit at Rs 55.79 per Euro from Rs 40.96 per dollar and Rs 55.96 respectively on August 31.
RBI absorbs Rs 249.5 billion via Reverse Repos
August 14th, 2007 — RBI
RBI, on Aug. 14, 2007, conducted Repo /Reverse Repos auctions under its liquidity adjustment facility. It absorbed Rs 294.50 billion for the 2-day reverse repos auction on Aug.14,2007 as against Rs 253.25 billion for a 1-day reverse repos auction a day before.
The number of bids received and accepted were 18 bids for 2-day reverse repos on August 14 as against 16 bids for 1-day reverse repos on the previous day.