The Indian Express -- Business

Saturday, August 16 1997

FOREX RATES INDICES STOCK

RBI purchases $4.6 bn from market in 4 months

The Reserve Bank of India (RBI) has made net purchases of $4.6 billion from the foreign exchange market during the four-month period ended July of the current financial year.

Minister moots gold export

Noting that India consumes roughly 300 to 500 tonnes of gold annually, union commerce minister BB Ramaiah on Friday suggested that at least 30% to 40% of the domestic consumption be exported.

FISE to lay down common code of ethics for brokers

Indian stock brokers may soon come under the ambit of a common code of ethics, if the Federation of Indian Stock Exchanges (FISE) has its way. FISE has set up a panel headed by the Bangalore Stock Exchange (BgSE) to work out the modalities of such a code.

6-7% growth likely this year: CMIE

Auto giants keep away from autofest

MRPL to float $125 mn GDR issue

Shortage pushes up coin premium to 20%

Coast Guard Act amendment Bill put on hold

ONGC for full decontrol soon

VDIS declaration eased further

Funds not used effectively: RBI

Paging cos get respite from high line charges

Govt boosts HLL sales

Industry cold to global fund for phasing out CFC

Bizbits -- Godrej plans resorts

Govt achieves 78% of market borrowing

Industry Ombudsman gets tepid response