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Badla rates hover around 22 per cent
JANUARY 22: Badla rates ruled high in the market averaging around 22 per cent, compared with 15 per cent in the previous week. The relatively higher rates were attributed to higher badla rates in Calcutta and the demand for funds coming from the IPO market. During the week the Melstar IPO was open. Dealers however said the market will open strong on Monday as the Infosys split comes into effect on the BSE.Copyright © 2000 Indian Express Newspapers (Bombay) Ltd.
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