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Finmin does not see any payment crisis in capital markets

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Press Trust of India New Delhi

Finance Ministry does not see any payment related problem in capital markets owing to the US financial turmoil.     

"As of now turbulence may have some impact on capital markets, but payment obligations are being met currently and there won't be any payment related problem," finance ministry sources said.     

Also there is no definite and noticeable trend of pull out by foreign institutional investors (FIIs) from the capital market, sources said.     

The Bombay Stock Exchange benchmark Sensex was down by 135 points to 13,383 at 1230 hrs.

 

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First Published: Sep 17 2008 | 12:36 PM IST

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