The Financial Express -- Markets

Sunday, November 30 1997

Gilt prices fall as RBI takes steps to suck out liquidity

Government securities prices fell across the board following the Reserve Bank of India's (RBI) decision to postpone the third phase of the cash reserve ratio cut by six weeks and the introduction of fixed rate repos. The central bank on Friday had announced a series of measures to suck out liquidity from the system.

Badla rates up a shade to 8-11 per cent

Carryforward rates on the Bombay Stock Exchange recorded a marginal improvement on Saturday to hover around eight per cent to eleven per cent on an annualised basis. The exchange recorded a net carryforward volume of 1.38 crore shares valued at Rs 213.88 crore, which is a sharp rise of 9.23 per cent over its previous week's volumes.

Gold bites dust, silver sparkles

Gold prices eased further as prices dipped to 5-years lowest level on the bullion market during last week. Standard gold dropped from Rs 4,090 to Rs 4,020 per 10 gm. Silver on the other hand bounced back on eased supplies coupled with industrial support. Silver .999 recovered from Rs 7,290 to Rs 7,360 per kg.

Badla rates up a shade to 8-11 per cent

Gilt prices fall as RBI takes steps to suck out liquidity

Brokers queue up at NSDL to learn the ropes

Political flux, rupee woes see Skindia GDR index slip 1.15%

Gold bites dust, silver sparkles

Fidelity to sell investment trusts in Japanese banks

Bank of Japan floods market with liquidity

Precious metals recover on fresh buying support