The ongoing political situation in the country has increased the open-market
dollar rate to Rs107.50.
China's central bank has said that it was planning to sell CNY55bn (USD8.42) worth of three-month bills in an open-market
operation on Tuesday, reports Dow Jones.
The central bank, which carries out regular open market operations on Tuesdays and Thursdays, has drained a net CNY51bn from the money market through its open-market
operations last week.
(1.) Section 10, paragraph 10 of the Federal Reserve Act states: "The Board of Governors of the Federal Reserve System shall keep a complete record of the action taken by the Board and by the Federal Open Market Committee upon all questions of policy relating to open-market
operations and shall record therein the votes taken in connection with the determination of open-market
policies and the reasons underlying the action of the Board and the Committee in each instance.
In his heroic defense of the open-market
economy, Wolf consistently observes that, until now, the neoliberal economic model upon which globalization has been based has not provided the promised results.
Because of the mechanics of an open-market
transaction, a purchaser and seller of a share do not know the other's identity.
China's central bank has said that it is looking to sell CNY60bn (USD9.19bn) worth of three-month bills in an open-market
People's Bank of China (PBOC), which carries out regular open-market
operations on Tuesdays and Thursdays, has sold CNY20bn worth of bills on Tuesday.
For example, the Board's power to designate three of the nine directors of each Reserve Bank appeared in Section 4; its duty to determine or define the character of the paper eligible for discounting fell under Section 13; and its power regarding rates of discount fell under Section 14, "Open-Market
China's central bank has said it is planning to sell CNY65bn (USD9.94bn) worth of one year bills in its open-market
operation on Tuesday.
PBOC, which carries out regular open market operations on Tuesdays and Thursdays, has drained a net CNY14bn from the money market through its open-market
operations last week.
China's central bank has said it plans to sell CNY1bn (USD153m) worth of three-month bills in an open-market
operation on Thursday, reports Dow Jones.