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Monday, October 5, 1998

Stock Update Forex Update

Call rates set to rule easy at 8%, rupee seen firm
With the disbursal of the second tranche of the Resurgent India Bonds (RIB) on Monday, liquidity improved last week. The call money rates remained in a range of 8% to 8.5%. Call rates are likely to stay easy, close to 8% over the next week.

Unit Trust firms up plans for Gold Fund
The Unit Trust of India (UTI) is firming up plans to launch the country's first Gold Fund, a mutual fund scheme which will mobilise gold or a currency-denominated value of the precious metal with the aim of generating a return on the investment.

SOPA set to start futures trading in soya oil
The Soyabean Processors Association of India (SOPA) is all set to start futures trading in soya oil. The first edible oil future will be started by the year-end. A separate company named Sopa Board of Trade has been floated to conduct futures trading in soya complex.


The National Stock Exchange of India (NSE)

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  Mumbai bourse board to take up action report on "inadequate procedures"
  Tur dal prices soar as rains damage crops
  Festivities pushes up prices of raw cashew nut in Mumbai
  Sago prices fall steeply, touch 3-year low
  Gold rallies, stages a smart recovery
  Bumper crop in Iraq pulls down domestic date prices
  Indonesian wheat stocks dwindle
  Pakistani cotton prices rise on mill buying
  Australian markets seen relieved at poll outcome


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