Jay Engineering

Easy as Ever CONDITIONS in the inter-bank call money market remain easy as ever with the call rate static at 4 per cent. Since practically every bank is a lender, there is hardly any demand for fresh money and surpluses continue to be diverted into Treasury Bills. Although the busy season commences technically on November 1, the demand for bank credit emerges only in the second hall of November. The prevailing easiness, it is therefore felt, will be sustained for another five weeks or more. The busy season might even be delayed if the Vidarbha cotton crop continues to be in the grip of an unsea- sonal dry spell.