Bank injection The Reserve Bank injected SSSM into the money market yesterday in its first open market operation for several days. The injection was carried out by purchase of Government stock worth SI2M maturing on March 15, 1988, at rates between 17.95 per cent and 18.01 per cent, and by sellback transactions worth S43M at rates between 18.36 per cent and 18.82 per cent. The indicative wholesale rate for call money was 18.97 per cent today, and for 90-day commercial bills it was 18.78 per cent, up slightly from Thursday’s 18.66 per cent, but down slightly on 18.92 per cent a week ago. OPP interests Mining investor and explorer, Otago Press and Produce, Ltd, said that a reconstruction involving its Australian interests is expected to be announced shortly. It also said that due to the discretionary powers of the Melbourne Stock Exchange listing committee, it had had to resubmit its application for Australian listing.
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Press, 1 August 1987, Page 29
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154Page 29 Advertisements Column 2 Press, 1 August 1987, Page 29
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