February 11, 1996

Foreign institutions have made a portfolio investment of Rs. 118 crores in just six trading sessions in February (up to February 8), according to iprovisional figures available with the Bombay Stock Exchange. The net FII inflow from 1993 till February-8, 1996, touched Rs. 6,975 crores. The total purchases over the same period touched Rs. 10,545 crores while sales touched Rs. 3,592 crores as on February 8, according to provisional -statistics provided by the BSE. The net investment up to January 31 is put at Rs. 6,858 crores. The total purchases till that day touched Rs. 10,410 crores while the 'sales touched Rs. 3,552 crores.

Rupee value reflects true fundamentals: Manmohan

The Finance Minister, Dr. Manmohan Singh, has said -that the current value of the rupee against major international currencies reflects “the 'true fundamentals of the economy.” Responding io queries from newspersons after presenting the environment management certification-BS 7750 to Nicco Corporation, the Finance Minister said there was nothing Wrong with the Reserve Bank stepping in to shore up the value of the rupee. “The RBI has been intervening from time to time to stem speculation and rise of the rupee.”

Insat-2C dedicated to nation

The Prime Minister, Mr. P. V. Narasimha Rao, on Saturday dedicated the state-of-the-art msat-2C to the nation, stressing the need to achieve self-sufficiency in satellite services. Dedicating the indigenously produced satellite at a function here, the Prime Minister said it was a matter of satisfaction that viewers over a large region in South East, West Asia, West and central Asia would now be able to receive Doordarshan programmes.

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