ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Stringency Expected Shortly

The seasonal easy spell has continued in the interbank call money market. Last week, the representative call rate was maintained at 4 per cent as before, but an increasing number of transactions was put through at 3.50 per cent. Even exchange banks entered the market to lend small surpluses.

The seasonal easy spell has continued in the interbank call money market. Last week, the representative call rate was maintained at 4 per cent as before, but an increasing number of transactions was put through at 3.50 per cent. Even exchange banks entered the market to lend small surpluses.

But the slack season is approaching its end. Emergence of stringent conditions is expected shortly. Fourteen State Government have announced a total loan floatation of Rs 93.5 crores on Sepembter 12. This means that many of the institutional investors keeping their surpluses in notice money with banks will give notice of withdrawal of such funds.Advance income tax payments, mainly by companies, are also due is the first week of September.

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