
Monday, January 25, 1999
Gold may be headed towards 19-year low
The beginning of 1999 has been bad for the yellow metal. A weak dollar and host of other factors which should have affected gold positively did very little for it.
Calls seen below 9%; rupee may stay firm
Call rates eased for the previous week's highs and settled just below the bank rate. Primary dealers and the banks collecting Resurgent India Bonds (RIBs) have availed of the Reserve Bank's liquidity support.
Ahmedabad bears hammer down castor futures to drive bulls out
Castor futures traded at the Ahmedabad seeds merchant Association (ASMA) crashed on bull unloadings and bears took advantage to hammer down the prices further.
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