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Wednesday, July 7, 1999

Forex Update

Crisil reaffirms BBB+ rating for RPL's Rs 640-crore NCD issue
The Credit Rating Information Services of India Ltd (Crisil) has reaffirmed the `BBB+' rating assigned to Reliance Petroleum Ltd (RPL)'s Rs 640-crore non-convertible debenture (NCD) programme.

Air India shelves plan to place Rs 100-cr bonds
Air India has put on hold its plans to raise Rs 100 crore through the private placement of bonds as the recent cost-cutting measures have led to a marginal improvement in the financial position.

Moody's reaffirms Ba2 rating on banks' foreign-currency bonds
Moody's Investor Service has reaffirmed the `Ba2' rating as the sovereign ceiling on long-term foreign currency bonds and notes issued by Indian banks.



  Lacklustre trading dominates Navi Mumbai spices
  Bull run may strengthen today
  Digital Equipment clears resistance
  Euro hits record low on speculative sales
  Individual brilliance drives the sensex upwards
  Undercurrent positive
  Market Round-Up
  Market Briefing
  LIC MF plans to mop up Rs 500 crore this fiscal
  Kothari Pioneer to pay 35% in Bluechip fund
  Markets await decisive signals from Kargil as Sensex hits 22-month high
  Technology issues delay connectivity, says NSDL chief
  Twelve stocks hold key to the 4,600-peak
  Food-processing stocks flare up on merger and acquisition possibilities
  Bearing stocks rev up on auto sector revival
  ISE mulls transfer of regional exchange broker deposits
  Tightrope walk for Andhra Bank ahead of its IPO
  Bearish trend persists in bullion; g'nut oil recovers
  Hudco to raise Rs 200 cr via pvt placement



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