Thursday, June 11, 1998
Chance to speed up
The weakening rupee and the hike in customs duties have given Indian firms much-needed breathing space. The worry, however, is that this temporary protection may induce a false sense of complacency. For the corporate sector, such complacency will be an invitation to disaster. This is because the malaise afflicting industry has its roots in the uneconomical capacities and outdated technologies created during the years of protection.
Rupee on the edge
After Pokharan II, the market reconciled itself to the decline of the rupee. The expectation was that the rupee would settle in the Rs 42-43 per US dollar range. This level, it was believed, would be in consonance with the real exchange rate of the rupee. The trouble is that though the rupee is in that range, the market is unable to decide whether the rupee will hold.
Cashing in on derivatives fever
Derivatives fever is fast catching on in India, more so with the publishing industry. However, there are hardly any books that deal with the Indian scene. "Derivatives Markets in India" thus, is the first book on the subject from Tata McGraw-Hill stable.
|
|
