
Saturday, May 15, 1999
Primary dealers lift Rs 8,300-crore RBI refinance as call rates tighten
A string of primary dealers have availed of the refinance facility offered by the Reserve Bank of India to the tune of Rs 8,300 crore at a time when tight liquidity is keeping the call rates above 10% level which is four percentage point (400 basis points) higher than the fixed floor rate of six per cent.
Focus on frontline stocks; Sensex up 60 points
The 30-share BSE Sensex scaled yet another 52-week high at 4,102.03 points on Friday on shortcovering and uninterrupted buying by foreign institutional investors (FIIs).
FIIs inject another Rs 276 crore
Foreign institutional investors (FIIs) are on a roll. Taking the rally further, FIIs infused an additional Rs 276 crore on Thursday, which perhaps is the highest single-day investment made by them on the Indian bourses.
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