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

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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.

Lenders Over

crores) and a consequent fall in banks' investments in Government securities, including Treasury BiUs (

Equilibrium Undisturbed

Decline In Oilseeds Reversed DIVERGENT CONDITIONS prevailed in the oils and oilseeds market. The downtrend noticed in groundnut and groundnut oil in August was reversed and there was a rise in prices in all the trading centres. The reversal was understandable. Prices of groundnut oil had declined sizably in the second half of August. This led to the expectation that prices would not move down any further. As a result, buyers

Squarish but Tight

In the narrow interbank call money market in Bombay last week — "narrow," because the volume of fresh money transacted continues to be small — conditions tended to become somewhat tight though the call rate was maintained at four per cent per annum. There were no transactions at lower rates and lenders tried hard to bid up the rate to a high perch by squeezing down supply.

Change in Expectations

Contrary to expectation, the easy spell in the interbank call money market in Bombay has been sustained. Fears of a shrinkage of supplies, following advance quarterly tax payments on September 1, have been proved false. Indeed, at the time of writing this the market appears to be easier than ever before.

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