Sunday, August 23, 1998
Reliance slashes POY price; cotton improves
A very quiet condition continued on the yarn market, forcing Reliance Industries (RIL) to effect cut in the price once again.
Rupee package props Skindia Index 3%
The depreciation in the value of the rupee, coupled with mounting political uncertainties, took its toll on the Skindia GDR Index which moved in a volatile band of 546.64 points to 577 points.
Carryforward rates up a whisker to 13 per cent
Carryforward rates registered a marginal increase on the Bombay Stock Exchange (BSE) yesterday to quote in the band of 11.26% to 13% annualised for a net outstanding carryforward position of Rs 440 crore.
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