Rising cash rates a concern - India fin min official
NEW DELHI, Oct 29 (Reuters) - Rising overnight Indian interest rates are a matter of concern but the liquidity position in the money market is comfortable now, a senior finance ministry official said on Wednesday.
The official, who did not wish to be identified, also said short selling of stocks was no longer a concern as the stock market regulator had taken steps on the issue.
Indian overnight cash rates rose to a two-week high of 12.75 percent on Wednesday as treasury bill auctions and expectations of a bigger sale of government securities this week pushed up demand in a holiday-shortened week. (Reporting by Manoj Kumar; Editing by Charlotte Cooper)
© Thomson Reuters 2009 All rights reserved
Pledge to support economies
G20 financial leaders pledged to prepare strategies to end emergency support for their economies, but to keep the aid flowing until recovery was assured. Full Article | Related Story
Galleon case
U.S. insider trading probe widens
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal. Full Article
India
US
UK
