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Wednesday, June 4 1997
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SEBI to receive final proposals on badla this week![[Details]](/icons/bullet.gif){kind=icon}
The instruments in the capital market will take final shape when the two committees constituted by the market regulatory body, the Securities and Exchange Board of India, decide on the future and options, and revised badla system.
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RBI intervention at 5% of effective exchange rate
As per the recommendations of the Tarapore committee the Reserve Bank of India should intervene in the forex market within plus/minus 5% of the real effective exchange rate.
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Private banks may trigger deposit rate war
The Tarapore Committee on capital account convertibility has recommended total deregulation of interest rates in the current fiscal. If the report is accepted, the RBI will have forgo all "regulations" on the interest rate front in the forthcoming monetary and credit policy for the second half of 1997-98.
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The Group
