
Monday, October 5, 1998
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.
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