Posted by: sanjayshetty | July 22, 2004

more on 6.5% RBI Bonds in India

Just today, The Free Press Journal, Mumbai edition carried an article regarding the same topic RBI Bonds I had discussed in my earlier post. They ratified my thoughts regarding how small investors lose because of the change in policy introduced by the new government.

I’m surprised that the big dailies like the Economic Times and the Times of India somehow just didn’t highlight this loss to small investors in the way it should have been. The Times of India had a one or two para on the 6.5% RBI bond being scrapped but certainly not enough information to guide the small investor.

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