The Financial Express -- Expressions

This page contains Editorial and Op-Ed articles

Tuesday, December 9 1997

Letters to the Editor

Thus spake Smadja

The managing director of the World Economic Forum is raising a scare. Claude Smadja, according to a press report, thinks that neither the United Front, nor the Congress, nor BJP holds any hope for future reform. Miffed by the lack of insurance liberalisation, he resorts to doomsaying.

Rupee slide: Hard times ahead

The virus of East-Asian currency crisis has reached India. The rupee tumbled to Rs 39.95 to a dollar and recovered marginally. A decline of 15 per cent in two weeks' time. However, there seems a sense of complacency in the declining value of the rupee.

Market crash and correlation

In October 1987 when markets world over crashed, we were happy that India was insulated. To the Indian markets, the Black Monday that saw markets collapse like dominoes was a non-event. However, as markets in South-East Asia crashed, we slowly realised that India has lost this insulation, and would like to attribute this to the fact that our markets are open to foreign investors.

Thus spake Smadja

When the going gets tough

Rupee slide

The Index -- Gujarat Industries

Market crash and correlation

Depreciation travails