
Monday, April 5, 1999
IDBI to launch Rs 6,000-crore umbrella issue in fiscal 2000
The Industrial Development Bank of India will launch a Rs 6,000 crore umbrella issue in FY 2000 to meet a part of its resource requirements.
Profit-booking brings down metals to new lows
Widespread profit-booking ahead of Easter holiday brought most of the London Metal Exchange metals to new lows last week.
Call rates unlikely to dip below 8%
Year-end pressures caused call rates to cross 12% on March 31. On Saturday, call rates persisted above 8%, and RBI's repo did not receive any bids.
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