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Thursday, December 31, 2009

RBI restricts FII limit in UB Holdings to 25.65%

United Breweries (Holdings) Limited has said that Reserve Bank of India (RBI) has approved its proposal for revision of the FII limit in the company from 26 per cent to 23.25 per cent. RBI has also advised the company to fix the intermediary limit and monitor it. Presently, the FII holding in UB (Holdings) is 24.65 per cent. It is proposed that the FII holding be restricted to 24.65 per cent and it should not drop below 23.25 per cent, the company informed the National Stock Exchange today.
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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Monday, Apr 07
21:00 3-Month Bill Auction 1 4.175% 4.205%
21:00 6-Month Bill Auction 1 4.00% 4.07%
Tuesday, Apr 08
00:30 Consumer Credit Change 1 $-0.81B $15.20B $18.08B
03:30 NZIER Business Confidence (QoQ) 2 19% 16%
04:40 Fed's Goolsbee speech 2
07:00 National Australia Bank's Business Confidence 1 -1
07:00 National Australia Bank's Business Conditions 1 4
11:15 Unemployment Rate s.a (MoM) 1 2.7%
15:30 NFIB Business Optimism Index 1 101.3 100.7
18:25 Redbook Index (YoY) 1 4.8%
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