11th May 2011.

KEY HEADLINES:
SBI hikes Benchmark Prime Lending Rate by 75bps.
Ministers’ meet on fuel price put off to next week, Oil Cos plead for Rs 6/liter hike in petrol prices
Microsoft Nets Skype for $8.5B
Global Currencies fluctuate with the lack of data and focus on Greece
Source: Newswire18.Business Line, ET, TOI

CURRENCY UPDATE:
The Spot USDINR opened at 44.64 about 8paise lower than its previous day’s closing. The USDINR May
month contract traded at premium of about 17paise over the spot. It began its trading session at
44.8125 and slipped to low of 44.8075. Shorts booked profit and fresh longs build up after the opening
bell. The importers also bought dollar for their day’s requirement. USDINR may contracts inched up
slowly to record a high of 44.9675 before concluding the day at 44.9125.

The Euro had dropped with accelerated momentum during the earlier trading session however
yesterday it stabilized and rose against the dollar. The Euro gained strength after concerns over the
outlook of the European debt crisis eased on speculations that Greece won’t be forced to restructure
its debt. Commodity price rose adding pressure on the dollar. Meanwhile the pound strengthened
against the dollar. However dollar rallied against the Japanese Yen.

FORWARD FUTURES
CONTRACT LTP LTP
USDINR 270511 44.90 44.9125
EURINR 270511 64.44 64.4250
GBPINR 270511 73.45 73.4100
JPYINR 270511 55.75 55.5800
Closing Rate as on May 10, 2011. 5:00pm (IST) SPOT USDINR, 10MIN CHART, May 10, 2011
 POLICY RATES
Bank Rate 6.00%
Repo Rate 7.25%
Reverse
Repo Rate 6.25%

RESERVE RATIOS
CRR 6.00%
SLR 24.00%

MONEY MARKET
5.00% -
Call Rates 7.50%

LENDING / DEPOSIT RATES

7.60% -
BASE RATE 8.50%
SAVINGS
BANK RATE 4.00%
DEPOSIT 7.00% -
RATE 8.00%

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