The rate of interest on the Floating Rate Bonds, 2013 (FRB, 2013) applicable for the year (September 10, 2011 to September 9, 2012) shall be 8.70 per cent per annum.

The result of the RBI Reverse Repo auction held today is as under:

In the auctions of the securities conducted on September 8, 2011 for Additional Competitive Underwriting (ACU), the Reserve Bank of India has set the cut-off rates for underwriting commission payable to Primary Dealers as given below:

The Reserve Bank of India’s Reference Rate for the US dollar is `46.1775 and the Reference Rate for Euro is `64.9545 on September 8, 2011. The corresponding rates for the previous day (September 7, 2011) were `46.0218 and `64.7758 respectively. Based on the Reference Rate for the US dollar and middle rates of the cross-currency quotes, the exchange rates of GBP and JPY against the Rupee are given below: