Breaking News
RBI have decidet to cut the CRR (Cash Reserve Ratio) by 50 bps to 8.5% wef 11th Oct
Rbi move is aimed to boost the liquidity in the Banking system since the liquidity crunch
due to regulatory messures.
CB Bhave, Chairman, Securities and Exchange Board of India (SEBI), said norms on participatory notes have been revised and the limit on overseas-derivative instruments (ODIs) in both cash and derivates will be removed. “The 40% cap on assets under custody in cash market will be removed,” he said.
Earlier, in October 2007, the Sebi had banned fresh issue of P-Notes by FIIs. This was done to check the significant flow of foreign funds into the Indian stock markets. The excess liquidity was difficult for the financial market regulators to handle.
Both are good news for the markets
About Me
- Nagappan
- Associated with Oriental Stocks, Madras Stock Exchange, Naanayam Vikatan, Trust Foundation,....
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2 comments:
Thank u 4 d information. Gave some moral boost after Monday blues. At least will have a good night's sleep.
Good going..keep writing....gives a proper dimension for the next day ...
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