The Indian Express -- Business

Monday, October 20 1997

FOREX RATES INDICES STOCK

ITC closes $85 mn ECB

Tobacco major -- ITC Ltd has completed its $ 85 million external commercial borrowing (ECB) programme on Friday, at 78 basis points above Libor. With this, the company's total ECB in the last two months amounts to $103 million.

Forex reserves cross $26 billion

The foreign exchange reserves position of the country which was marginally reduced by the Reserve Bank of India's (RBI) intervention in the forex market to strengthen the rupee have limped back to satisfactory levels. The forex reserves as on October 10, 1997, have once again crossed the $26 billion market to touch $26.11 billion.

Petro bonds to be delayed

The Union petroleum ministry has admitted that release of Rs 18,000 crore petro-bonds to the national oil companies will be delayed by at least a month. This is so as the finance ministry has to take sanction of Parliament for this budget neutral measure.

ITC closes $85 mn ECB

Petro bonds to be delayed

Credit policy yet to deliver on many fronts

Industrial Development Act to be amended

Forex reserves cross $26 billion

Jamna Auto plans preferential issue

Inflation rises to 4.13 pc

Keeping the management in check

CPCB's bid to favour MNC raises stink

Feeding the world

CEA is perfectly suited to be the power regulatory authority

Quickbites -- US rail strike looms large

Capital ventures