CALL CLOSES BELOW 9 PER CENT
Article Abstract:
In the inter-bank call money market, call rates closed just below nine percent on February 24, 1999. Dealers anticipate that call rates to remain steady. Call rates are expected to open at nine percent on February 27, 1998. On February 24, 1998, the Reserve Bank of India has received a single application for Rs18 crore for its eight percent fixed rate repo. (gs)(vr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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CALL CLOSES ABOVE 9 PERCENT
Article Abstract:
Call money rates closed between 9.10 percent to 9.25 percent in the interbank market for overnight funds on February 11, 1999. The State Bank of India was absent from the market on the day. Banks who had left their positions uncovered were forced to borrow as February 11, 1999 was the last day of the reporting fortnight. (khr)
Comment:
Call money rates closed between 9.10 percent to 9.25 percent in the interbank market for overnight funds on February 11, 1999.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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$ DEMAND PUSHES Re DOWN
Article Abstract:
A strong dollar demand from banks and corporates pushed the rupee down to close at 42.44/445 against the dollar on February 23, 1999 compared to close of 42.4125/4175 on February 22, 1999. The State Bank of India received cash-over-spot premiums, ranging from 0.035 to 0.045 per dollar, on behalf of corporates. (khr)
Comment:
A strong dollar demand from banks and corporates pushed the rupee down to close at 42.44/445 against the dollar on February 23, 1999 compared to close of 42.4125/4175 on February 22, 1999.
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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