
Saturday, June 27, 1998
Rupee has seen its worst: analysts
If the trend in the forex market over the last few days is any indication, the rupee seems to have bottomed out. The Indian currency has bounced back after breaching the 43 mark against the dollar on June 23. Although the rupee has gained strength over the last few days (it closed at 42.63/66 on Friday, up from 42.70/72 the previous day), will it be able to sustain this appreciation against the greenback?
Centre should woo investors by cutting capital gains tax
The news that restrictions on short-sales would be lifted on July 6 was indeed sweet music to the much-harassed bulls and investors. But, what happens after July 6? While Sebi intends to keep the bears on leash with suitable margins on short sales, what about FIIs? Would they not sell for deliveries once the prices rise, and how would that affect the markets? More importantly, will foreign institutional investors (FIIs) resume buying?
Can mutual funds breathe life into edgy markets?
Can the mutual fund industry pave the way for the revival of the capital markets in India and help bring investors back to the bourses? Yes, say a number of mutual fund experts and market participants, though it may take some time before the industry can provide a definite support to the market.
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