Sunday, January 17, 1999
I-Sec sees 1 percentage point cut in repo rates
I-Sec expects a one percentage point cut in the repo rates as it would help call money rates to settle down at lower levels and result in downward shift of short-end gilts yield curve.
Badla rates rule steady at 21% on Mumbai bourse
Carry-forward rates on the Bombay Stock Exchange (BSE) continued to hover in the band of 21% to 27%, with the average badla rates pegged at a high of 22.1% annualised.
Brazilian currency woes pull Skindia index 4% down
Reflecting the negative impact of the Brazilian currency crisis on the sentiments of GDR market makers, the Skindia GDR index nosedived by 4.43% to close at 619.24 points on January 14.
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