Monday, June 21, 1999
Rubber Board plans futures trading
The Rubber Board is planning to commence futures trade in natural rubber soon. The move is conceived as a long-term strategy aimed at ironing out the wild swings in production and prices and integrate the Indian natural rubber market with global rubbers.
Experts see slow rupee decline to 44.50 level by March 2000
The rupee will drift downwards to around 44.50 against the dollar by March 2000, say forex experts. Most of them feel that the worst (vis-a-vis developments in Kargil) is over for now and the market is unlikely to witness any sharp short-term fall in the Indian currency.
Call rates to hover at 8.5%; short-term papers best bet
Being the second week of the reporting fortnight, call money dealt close to 8% through last week. Rs 5,000 crore outflows on account of government security auctions last week, and tax outflows at the beginning of this week are expected to have an upward pressure on call rates.
|
|
