
Sunday, September 13, 1998
Carryforward rates inch up to 13% on Mumbai bourse
Carryforward rates on the Bombay Stock Exchange (BSE) improved by 2% to hover around 12.5% to 13% on a weighted average over the previous week. The move stems from the recent increase in the demand for vyaj badla funds by over 17%.
Malaysia signals free-market backlash
Malaysia has presented no immediate challenge to the International Monetary Fund's policy prescription in Asia, but reportedly Malaysia's free market retreat could signal the start of a global backlash.
RIB collections trigger 3 per cent growth in deposits
Bank deposits witnessed the biggest spurt within a short span of a fortnight. Aggregate deposits of the banking sector jumped by a whopping Rs 20,711 crore (3.3%) in the fortnight to August 28.
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