Total investment under CFS (Continuous Funding System) had been increased by 13.4 percent to stand at Rs 28.0 billion during the week ending on November 11, 2006 against Rs 24.7 billion a week earlier, while the cost of borrowing at CFS counter went down by 50 bps on week-on-week basis.
Interestingly, out of total CFS investment, on an average, 98.6 percent was recorded in the old 32 scrips while only 1.4 percent was recorded in the new scrips.
An analyst at JS Research said that this was owing to the fact that the new scrips, added to CFS, are less liquid as compared to old ones. The average rate in old scrips of CFS stood at 16.7 percent, whereas it stood at 18.4 percent in case of the new scrips.