
Saturday, July 25, 1998
Reserve Bank plans to correct primary-market yield curve
The RBI on Friday indicated that it wants to correct the distorted yield curve in the primary market. It hiked the yield of the nine-year paper to 12.16% from 11.90%, sending out a signal that it wants rates in the longer term to move northward.
RBI to renew share-purchase permission to NRIs via banks
The Reserve Bank of India (RBI) has delegated powers to certain banks for the renewal of general permission already granted by the central bank to individual NRIs for purchase of shares through secondary markets.
Kar hints at mandatory demat
Senior executive director of SEBI, Pratip Kar, has hinted that in the near future, all categories of investors might have to mandatorily trade in demat form.
|





|