The Financial Express -- News

Tuesday, December 9 1997

RBI re-aligns yield curve with gilts intervention

The Reserve Bank of India (RBI) intervened in the gilts market yesterday to set a new yield curve for medium- and long-term securities. The strategy is aimed at curbing a drop in prices to protect yields on long-dated securities. This way, banks will not be required to make provisions at the end of the fiscal on account of higher yield-to-maturity (YTM) of their investment portfolio.

Rupee fall may trigger power-tariff hike

The depeciation of the rupee is expected to directly affect consumers in the power industry. The tariff will be affected on account of an increase in the import cost of equipment and services for projects. The impact is likely to be great if the fuel used in the power project is imported.

SWC net worth still a mystery for auditors

Exports may buoy Manugraph's H2

Wait for the market indicators to emerge clearly