Express Properties

Search Button

The Indian Express

The Financial Express

Latest News

World News

Union Budget

EIW

Market Indicators

Screen

Celebrity Chat

Express Computers

Express Power

Advertisers Forum

Express Careers

Business Forum

Match Maker

Express Properties

Palki - Travel & Tours

Information Technology

Astrosurf

Eco-India

Dr Know

Screen: The Business of Entertainment

Graffiti

Crossword

Drumbeat: Ad Buzzaar

Politics

Business

Expressions

General

World

Sports

Leisure

States
 

Wednesday, June 24, 1998

Satellite dealers now to issue CPs

 
MUMBAI: The Reserve Bank of India (RBI) has permitted satellite dealers (SDs) to issue commercial papers in the debt market, thus allowing them to have easy access to short-term resources. Market experts said the RBI's decision to allow SDs to raise short-term money will encourage them to actively participate in the money market as the investment option will provide them with comfortable liquidity. "The last auction of the Rs 4,000-crore, nine-year government of India paper devolved on the RBI. The central bank wants to encourage more players as currently there are only six primary dealers active in the market," said a fund manager from a leading investment banking outfit.

Copyright © 1998 Indian Express Newspapers (Bombay) Ltd.


Top


Sardar Sarovar Narmada Nigam Ltd.

Bank of India

Astrosurf

 

India Gift House: Send gifts to over 100 Indian cities


The Indian Express  |  The Financial Express  |  Latest News
Screen  |  Express Investment Week  |  Market Indicators  |  Express Computers
Astrosurf  |  Eco-India  |  Travel & Tourism  |  Information Technology  |  Drumbeat: Ad Buzzaar
Advertisers Forum  |  Career India  |  Business Forum  |  Match Maker  |  Express Properties