Dated : 19th October, 2009
India
Bank Rate - 6.00%
Repo Rate - 4.75% (Rates at which banks borrow from RBI)
Reverse Repo Rate - 3.25% (Rates at which RBI borrow from banks)
CRR - 5.00%
SLR - 24.00%
PLR - 11% to 12%
Savings Bank Rate - 3.5%
Deposit Rates - 6.5% to 7.75%
Call Rates - 2.0% to 3.30%
182 days Treasury Bills - 4.05%
BSE Sensex - 17195
Major Exchange Rates
INR vs USD - 46.20
INR vs Euro - 68.69
INR vs GBP - 75.55
INR vs SGD - 33.18
INR vs JPY - 0.508
World Interest Rates
JPY - 0.1%
USD - 0.25%
Euro - 1.0%
GBP - 0.5%
AUD - 3.25%
NZD - 2.5%
Outlook
US recovery is seemingly round the corner, but is it true or we are seeing the effects of stimulus package. If it is as a result of the stimulus package then it would be interesting to see what happens when the money’s are being returned to the Government.
As regards US Dollar the currency is still weak and depreciating against major currencies in the world. Indian Rupee will remain strong due to higher foreign exchange reserves and higher foreign currency inflow.
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