• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Mumbai, May 24

The limit for Ways and Means Advances (WMA) to the Government will be Rs 20,000 crore for the first half of the year, 2007-08 (April to September) and Rs 6,000 crore for the second half of the year (October to March). "When 75 per cent of the limit of WMA is utilised by Government, the RBI may trigger fresh floatation of market loans," said a press release by the RBI. The interest rate on WMA or overdraft under WMA will be at repo rate of 7.75 per cent while under overdraft the rate will be two per cent above the repo rate (9.75 per cent).

More Stories on : Debt Market

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Exports, more than rupee's worth

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line