India

The Reserve Bank of India has announced the auction of 91-day Government of India Treasury Bills for notified amount of ` 7,000 crore. The auction will be conducted on September 28, 2011 using "Multiple Price Auction" method. The allocation to the non-competitive bidders will be outside the notified amount at the discretion of the Bank. The sale will be subject to the terms and conditions specified in the General Notification No. F.2 (12)-W & M/97 dated 31st March, 1998 issued by Government of India and as amended from time to time.

The Reserve Bank of India today released the data showing daily merchant and inter-bank transactions in foreign exchange for the period September 05, 2011 to September 09, 2011.

The Reserve Bank has announced today that banks and Non Banking Financial Companies (NBFCs) would be eligible to sponsor Infrastructure Debt Funds (IDFs), to be set up as Mutual Funds (MFs) and NBFCs. The Securities and Exchange Board of India (SEBI) has amended the (Mutual Funds) Regulations to provide regulatory framework for IDF-MFs by inserting Chapter VI – B to the MF Regulations.

The Reserve Bank of India’s Reference Rate for the US dollar is `49.6730 and the Reference Rate for Euro is `66.9815 on September 23, 2011.The corresponding rates for the previous day (September 22, 2011) were `48.8205 and `66.1025 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:

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