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Dollar
on defensive as anthrax jitters weigh |
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The dollar was on the defensive
on Monday, nursing hefty losses from the previous session as
dealers waited to assess the impact on the US economy of the
latest anthrax contamination scares. |
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RBI
to issue quarterly calender of repos auctions |
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The Reserve Bank of India on
Monday decided to replace the system of daily announcement/issue
of press release regarding repos and reverse repos auction under
the scheme of liquidity adjustment facility with a quarterly
calender of auctions. |
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Icra
downgrades IDBI’s medium-term ratings |
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Investment Information and
Credit Rating Agency on Monday revised Industrial Development
Bank of India’s long and medium-term ratings to “LAA+” and “MAA+”,
indicating high safety from “LAAA” and “MAAA”, indicating highest
safety. |
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Govt
stake in IOB to be again in Oct next |
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In order to improve the capital
adequacy ratio further, Indian Overseas Bank is planning to
dilute the government’s stake during October 2002. The government
had already diluted 25 per cent stake to the public in September
through an initial public offer. |
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