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
Dubai Debt Fears
Banks outside the Gulf played down their exposure to Dubai debt, after fears the emirate could default and even derail world economic recovery prompted a sell-off in global markets. Full Article | Slideshow
India Investment Summit 2009
Top executives and bankers discuss their own plans and the broader opportunities and challenges for India. Full Coverage






India
US
UK







