Sunday, January 3, 1999
RBI sells Rs 18,000-crore securities via OMO route
The Reserve Bank of India has sold an estimated Rs 18,000 crore through the open market operations (OMOs) in the current financial year, ICICI Securities said its latest debt market commentary.
Unit Trust eyes Rs 18,000 cr mop up by June
The Unit Trust of India (UTI) has mobilised Rs 8,500-9,000 crore in the first six months of the current fiscal which ends on June 30, 1999. Interestingly, UTI is confident of mopping up Rs 18,000 crore by June 1999.
Disparity between premium collections and outgo in motor segment may widen
Insurance companies can expect greater disparity between premium collections and outgo in the motor segment for 1998-99, much more than there was in the previous years.
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