Business Standard

Floating An Opportunity

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BUSINESS STANDARD

Banks are lapping up the newly introduced floating rate variant in the government securities market. For the banks, it offers a hedge against adverse interest rate movements. However, for primary dealers, whose core business is only to trade and make money, it does not offer much because there is no secondary market yet for these

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First Published: Dec 06 2001 | 12:00 AM IST

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