Financial Daily from THE HINDU group of publications
Friday, Aug 27, 2004
Financial Daily from THE HINDU group of publications Friday, Aug 27, 2004 |
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Money & Banking
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Debt Market Ceiling on market stabilisation raised to Rs 80,000 crore Our Bureau
Mumbai , Aug. 26 THE Government has raised the ceiling of the Market Stabilisation Scheme (MSS) to Rs 80,000 crore from the existing level of Rs 60,000 crore. The revision was made by the Government as per the request of the Reserve Bank of India. The threshold limit of amount outstanding under the MSS has crossed the Rs 50,000 crore mark and the RBI had accordingly informed the government, said an RBI press release. The threshold level at which the ceiling will be reviewed in the future, has also been revised upward to Rs 70,000 crore from Rs 50,000 crore previously. The indicative schedule of issuance of securities under MSS for the quarter July-September 2004 has remained unchanged.
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