Monday, July 5, 1999
US-64 returns plummet to 55 paise on dividend cut
Retail investors, who had invested in US-64 last July, would see their returns dwindle to a meagre 55 paise on account of a dividend cut and a capital loss.
Call rates to hover around 8.75%
Liquidity was comfortable last week, and overnight rates declined to near 8 per cent levels. Call rates are expected to be in the 8.25-8.75 per cent range this week.
Reserve Bank plans to tap new private banks for selling gilt
The Reserve Bank of India (RBI) is planning to expand the ambit of dematerialised trading of government securities by allowing new private sector banks to open bond ledger accounts (BLAs).
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