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Dear
Members
Indian stock markets were caught up in volatile trading last week
with a key index see-sawing between red and green terrains but managing to
end the week with meager gains. This week is expected to be highly
volatile from the upcoming Railway Budget, Economic Survey and Union
Budget, we will also have to grapple with the F&O expiry and Q3 GDP
figures.
Matters relating to reduction in IPO processing time are still
under discussions with SEBI. I shall keep you posted on the developments.
Except for RBI releasing circulars on "Review of
bilateral clearing arrangements between banks – State and central
co-operative banks", "Payment of interest on savings bank account
on daily product basis", "Interest rates on export credit in
foreign currency" & "Setting up of cash processing centres –
recommendation of HLG", there is nothing much to report on regulatory
front.
Lets welcome the vibrant festival of colors with joy &
jubilation. Happy Holi to all of you.
With best regards
V. Ganesh
Chairman – RAIN
www.rainnet.org
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