The Financial Express -- Markets

Sunday, August 24 1997

Market forces must prevail in forex market: Kasliwal President of the Federation of Indian Chambers of Commerce and Industry (Ficci) A S Kasliwal has described the slide in rupee against the US dollar as an opportunity to set right certain distortions in the Indian economy, and that market forces should be allowed to prevail in the foreign exchange market and no alarm bells raised.
Precious metals flare up on overseas advices On encouraging overseas advices, both the previous metals on the local bullion market recorded a hefty rise yesterday. New York Silver future shot upto 470 cents from 455 cents an ounce coupled with decline in imported inflow.	Punjab, Haryana cotton prices spurt on demand Prices of superior cotton varieties witnessed a rapid increase in Punjab and Haryana markets on Saturday following increased demand from local mills. The increased demand from local mills to cover their requirements led to the sudden rise in prices, which increased by nearly Rs 100 a quintal in the case of F-414.
Southeast Asian stock markets reel under selling pressure

Market forces must prevail in forex market: Kasliwal