Wednesday, September 23, 1998
Reserve Bank puts treasury bills on open-market sale window
The Reserve Bank of India has, for the first time in the current fiscal, put treasury bills on its open-market sale window to sterilise the inflows from the Resurgent India Bonds. It has simultaneously reduced the notified amount for 364-day treasury bills by Rs 200 crore to ensure subscription to the Rs 3,000 crore two-year paper to be auctioned on September 28, 1998.
Central Bank plans to widen repo market
The Reserve Bank of India plans to widen the range of government securities which are eligible for ready-forward deals. This was disclosed by Usha Thorat, chief general manager at the RBI, at a two-day seminar on "The Future of Indian Debt Market" organised by Invest India on Tuesday.
Unctad offers to aid hessian bourse in modernisation bid
The United Nations Conference on Trade & Development (Unctad) has expressed its willingness to help the East India Jute & Hessian Exchange to modernise its activities, Arun Kumar Seth, president of the exchange, told members at the 41st annual general meeting of the exchange on Tuesday.
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