ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Exchange Rates- The Long Float

December 23, 1972 of an outlet for shares which a 'genuine' investor might like to unload. There is no jobbing; it is, therefore, extremely difficult to place, say 2,000 shares of a company unless LIC or UTI is in the market to buy them. If the portfolio composition of these institutions does not permit them to acquire an offering, the seller has no option.

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