Petrol hike pumps hope for India
Raising prices at petrol pumps is never likely to be popular. India's brave decision will also prove meaningless unless it is followed by bolder action to cut the more generous diesel subsidies. But the direction of travel is right and if the journey continues India could just turn a corner, writes Jeff Glekin. Full Article
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TABLE-Indian money market inflows in OCTOBER
--------- Total
140601.46
--------- Up to Friday, Oct 30 8.00% 2011 Interest Oct 27 589.17 SDL 7.65% 2016 Interest Oct 28 114.75 ( KERALA ) SDL 7.04% 2019 Interest Oct 29
176.00 ( PUNJAB ) SDL 7.11% 2019 Interest Oct 29 568.80 ( ANDHRA PRADESH ) SDL 7.30% 2019 Interest Oct 29 196.68 ( J&K ) 10.50% 2014 Interest Oct 29 921.43 SDL 7.30% 2012 Interest Oct 30 100.38 ( TAMIL NADU ) SDL 7.33% 2012
Interest Oct 30 73.30 ( GUJARAT ) SDL 7.35% 2012 Interest Oct 30 56.10 ( WEST BENGAL ) 10.45% 2018 Interest Oct 30 1941.61 91-Day T-Bill Redemption Oct 30 80000.00 (including Nil MSS) 182-Day T-Bill Redemption Oct 30
20000.00 (including Nil MSS)
--------- Total
104738.21
--------- NOTE: The t-bill redemption value is the total of competitive and non-competitive bids accepted. MSS is the value corresponding to the above bids accepted. SDL: State development loan (Mumbai Rate Reporting Unit + 91 22 6636 9222, E-mail at rru.data@reuters.com)
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