The Reserve Bank of India has decided to postpone operationalisation of the Credit Default Swaps (CDS) guidelines for corporate bonds (www.rbi.org.in/scripts/NotificationUser.aspx?Id=6769&Mode=0) . The new date will be announced shortly.
The result of the RBI Reverse Repo auction held today is as under:
The Reserve Bank of India’s Reference Rate for the US dollar is `49.7110 and the Reference Rate for Euro is `68.0541 on October 20, 2011. The corresponding rates for the previous day (October 19, 2011) were `49.1775 and `67.9645 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: