London pence per std. oz. Ii} loi. N.Y. cents per oz. troy Bombay Rs. per 100 tolas 5110 Bombay offtake 35 bars, London sliver was yy down for ready and unchanged forward being 193} for ready and 195, forward. New York was unquoted and Bombay was 5 annas down at 5110.
It was reported speculators sold. Indian bought. Market quietly steady.
The local exchange market opened with sellers to merchants at 6% sterling and 12% U.S.$.
The Interbank market was weak and during most of the day was mainly restricted to cash transactions. The cash rate was maintained at 6% cash and the purchases were heavy. The demand for forward exchange and tightness of money, aggravated by the approvaching settlement, were the chief factors, causing extreme easiness forward, At the close there were sellers at:—6% sterling—128 USS Cash 6H " 12 ë n June July rates nominal.
Text read from the printed page and cleaned; old type leaves the occasional error.