THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Tuesday, May 30, 2000

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Money

Forex
More flexibility thru view on $/Re
THE Reserve Bank of India, in recent days, has been sending enough hints that, at the present juncture, it prefers the continuance of soft interest rate trends. It has not been willing to make domestic interest rates hostage to the fortunes of the rupee in the foreign exchange markets.

Official signals on low $/Re risk
AFTER a volatile previous week in which the rupee lost almost 2 per cent of its value, will dollar/rupee settle down to more orderly trading during the current week?


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