Badla rates down
Mumbai: The weekly badla rate at the Bombay Stock Exchange dropped to 14.50 to 16 per cent per annum at the close of the week's trading on 31 December against the previous week’s close of 22-24 per cent. The net outstanding positions in the market, however, increased by Rs 209.84 crore to Rs 3,465.49 crore. Brokers gave increased liquidity as the reason for the lower badla rate.
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