- The benchmark 10-year G-Sec bond yield remained steady during the week on account of the awaited borrowing calendar by the RBI. The yield stood at 7.86%, down by 1bps on a weekly basis.
- All Scheduled Banks’ investments (at book value) in the central and state government securities stood at 18% at Rs14,279bn as on Mar 12, 2010 vis-à-vis Rs12,076bn in the corresponding period of the previous year.
- Food inflation eased to 16.22% for the week ended Mar 13, 2010, the lowest in four months, vis-à-vis 16.30% in the previous week. It was due to decline in the prices of vegetables and onions.
- As per the committee headed by RBI Deputy Governor K C Chakrabarty, Indian government may invest Rs40bn in 49 regional rural banks for expansion of their capital base and opening new branches over the next two years.
- Bank of India raised US$500mn in 5 1/2-year dollar bonds, as the offering was part of a plan to raise US$2bn over the medium term. It will utilize the proceeds to fund its international operations and for general corporate purposes.
- Japan’s consumer prices fell 1.2% in Feb 2010, the 12th fall in a row, adding pressure on the central bank to take necessary steps against deflation.
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