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

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Borrowers Over but Rate Unchanged

November 19, 1966 turnover at the moor at session on the new Samvat year 2023, brisk business was put through in the ready oilseeds market. Groundnut oil and groundnut seeds were in the limelight with moorat deals of 700 tons and 4,000 bags, respectively, at advanced rates.

Pre-Divali Demand

Pre-Divali Demand PRE-DIVALI demand for funds emerged in the inter-bank call money market in Bombay last week. The supply tended to fall short of demand, but the consequent tightness made no impact on the call rate, which remained unchanged at 4 per cent. Supply fell short because the lending banks' surpluses were maintained in 3.50 per cent Treasury Bills. Lenders had no incentive to discount their holdings as borrowers refused to pay more than 4 per cent for day-to-day funds. Borrowers' refused because they too have sizeable investments in Treasury Bills which can be discounted to make good the shortfall between suppply and demand. Presumably, that is exactly what the borrowers did.

Tight Prospects

Daxin Gujarat Cotton Marketing Union, Surat, that inasmuch as the general price level has risen by about 25 per cent since the fixation of cotton ceilings in 1965, the growers' plea for a 15 per cent rise in the ceilings cannot be held unjustifiable. But then, from the point of view of the Government, the crucial question is whether the mill industry will not also seek a commensurate rise in the textile multipliers. Such a demand from the industry is but inevitable, especially as the cost of production of cloth has been steadily mounting up particularly since devaluation, A compromise between the demands of growers and those of the industry would be to ensure that the farmers get the current ceilings prices throughout the season and that the industry obtains its cotton requirements without difficulty at prices which they are already accustomed to pay.

Easy Trend Continues

OCTOBER, the last month of the slack season, usually witnesses a slightly higher demand for bank credit. This October too, the demand has risen, but the impact of the rise has not been felt by the inter-bank call money market. Most banks have a sizable liquid position, thanks to the rapid growth of deposits during the current slack season. The easy trend continues in the interbank call money market in Bombay where the call rate has been maintained at 4 per cent, with stray deals taking place at 3.50 per cent.

Prospects Uncertain

bank call money market in Bombay remain unaffected by the proximity of the ensuing busy season, which opens technically on November 1. There is hardly any fresh demand for funds as the demand for bank credit remains at its seasonal low Lenders of day-to-day money continue to find it difficult to lend in the market, where the call rate remains unchanged at 4 per cent, with stray transaction for small amounts being done at cheaper rates.

Prospects Uncertain

call money market in Bombay remain unaffected by the proximity of the ensuing busy season, which opens technically on November 1. There is hardly any fresh demand for funds as the demand for bank credit remains at its seasonal low Lenders of day-to-day money continue to find it difficult to lend in the market, where the call rate remains unchanged at 4 per cent, with stray transaction for small amounts being done at cheaper rates.

Easy as Ever

Easy as Ever CONDITIONS in the inter-bank call money market remain easy as ever with the call rate static at 4 per cent. Since practically every bank is a lender, there is hardly any demand for fresh money and surpluses continue to be diverted into Treasury Bills. Although the busy season commences technically on November 1, the demand for bank credit emerges only in the second hall of November. The prevailing easiness, it is therefore felt, will be sustained for another five weeks or more. The busy season might even be delayed if the Vidarbha cotton crop continues to be in the grip of an unsea- sonal dry spell.

Jay Engineering

Easy as Ever CONDITIONS in the inter-bank call money market remain easy as ever with the call rate static at 4 per cent. Since practically every bank is a lender, there is hardly any demand for fresh money and surpluses continue to be diverted into Treasury Bills. Although the busy season commences technically on November 1, the demand for bank credit emerges only in the second hall of November. The prevailing easiness, it is therefore felt, will be sustained for another five weeks or more. The busy season might even be delayed if the Vidarbha cotton crop continues to be in the grip of an unsea- sonal dry spell.

Much Ado about T V

(From a Correspondent) THE PATH to T V in India seems to be beset with many contradictory pulls. This was evident at the three- day conference in Delhi organised by the Indian Society of Advertisers and inaugurated by the Prime Minister. For the ISA it was patently an attempt to use all the showmanship at its command to persuade the Government to introduce commercial advertising on the radio and on T V when it comes. There was also an underlying pressure for relaxation of exclusive Government control of these powerful media of mass communication.

Rising Surplus

to a halt, and the prices now present a divergent pattern of movement. Groundnut and groundnut oil continued to rule weak, while castorseed and linseed, both in the ready and forward sections, ruled firm.

Easy Spell

themselves to changing conditions were scared away by the higher rates of taxation. Many investors who used to be substantially interested in equities at one time have today become inactive.

Easy Spell

themselves to changing conditions were scared away by the higher rates of taxation. Many investors who used to be substantially interested in equities at one time have today become inactive.

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