Sunday, December 27, 1998
Money supply dips a shade to 19.3%
Money supply (M3) fell marginally to 19.3% for the fortnight ended December 4, 1998, from 19.5% in the previous fortnight. This is, however, higher than the trajectory of 15.5% to 16% laid down by the Reserve Bank of India.
RBI not to retain excess mopup of state loan sale
The Reserve Bank of India (RBI) will not retain excess subscriptions at the sale of the state governments' loans on December 28.
Badla rates spurt to 24% on Mumbai bourse
The current year has been a dismal one for the capital markets. Political uncertainty, slowdown in the economy and consistent sales by foreign institutional investors have wiped 600 points off the 30-Share BSE Sensitive Index over the year.
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