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Monday, September 13, 1999

Forex Update

Call rates may hover at 10%; rupee likely to stay around 43.50
Call rate are likely to hover around 10% to 11% range during the week. While the rupee is likely to be traded between 43.47 to 43.54 against the dollar during the week.

Birla Sun Life rejects offer to pick up 45% in Kothari Pioneer
Birla Sun Life Asset Management Company has turned down an offer from the Kothari group to buy out its entire 45% stake in Kothari Pioneer AMC.

FMC to suggest bourses for oilseed futures trading
The Forward Markets Commission (FMC) is expected to recommend names of eligible commodity exchanges that can be permitted to trade in futures of the entire oilseed complex.


Corporate Results


  Stay invested in Bharti Telecom, switch over from ITI
  Price swings jolt coconut oil trade
  Coffee prices fall on world markets
  Indian exports command 30% of global black pepper market share
  Castor futures rallies further on ACE
  Groundnut oil flares up on price rigging
  CBoT, Eurex may finalise strategic alliance, but fail to furnish details
  Prices of pulses shoot up 10% on excessive rains in Maharashtra
  Kochi pepper moves up
  Bank of England auction to put gold in limbo
  Gold sentiment may be bullish ahead of auction
  Large tanker rates slid slightly



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