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Dear Members
The
Indian bourses rebounded from 3-1/2 month lows hit early in the
week, tracking recovery in global stocks. The BSE closed at 16,994
points on Friday (28th May). In the month of May, FIIs
sold shares worth a net Rs. 13,000 crs. and bought a net Rs. 2,667
crs. as on 27th May, 2010.
The
central Bank on 26th May, eased rules to boost liquidity
at banks to avoid a cash crunch. As per the circular released, banks
can borrow as much as 0.5% of their deposits from the central bank
under the repurchase agreement till 2nd July. In addition
to that as an adhoc measure, banks can seek a waiver for any
shortfall in maintenance of the prescribed 25% statutory liquidity
ratio. The RBI has also decided to conduct two rounds of liquidity
adjustment facility(LAF) operations till 2nd July,
2010.
Nothing
much to report on regulatory front. Request you all to check for the
latest circulars under “Circulars Corner” in the home page of the
RAIN website.
On
RAIN front, we are still awaiting the nominations from some of the
members for the training program on the “New IPO process”, which is
scheduled on 10th June in Mumbai. Request you all to send
your confirmations to Mr. Ajit @
ajitkumar@sharexindia.com & Mr. Milind @ milind@mondkarcomputers.com latest by EOD
tomorrow.
With best regards
V.
Ganesh
Chairman – RAIN
www.rainnet.org
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