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Monday, August 9, 1999

Forex Update

Call rates may touch 9 per cent this week
One, RBI would take steps to bring the interest rate structure lower. Two, CRR would be reduced over the year by 1 to 2%, and the critical decision would be the timing in order to have the maximum impact on interest rates.

Comexes to join proposed commodity federation
Ten of the 20-odd commodity exchanges in the country have decided to join the proposed Federation of Indian Commodity Exchanges that was mooted this February in presence of UNCTAD and World Bank representatives.

Hold on to Etrenit Everest, avoid Indian Hume
There are a few useful hints which an investor must look at before he takes up position in the market. Though the list given below will not guarantee cent per cent success, it will certainly help investors to get in at the right time and in the right stock.


Corporate Results


  Kochi pepper market volatile
  Develop cash markets to activate commodity futures trading
  Hindustan Copper weighs hedging risk options
  EICA cotton futures trading picks up
  CAB to meet to chalk out plan for stock disposal
  Immediate-delivery LME silver costs more than spot
  Emerging markets' recovery enters consolidation phase
  Gold -- Survival instincts to the fore
  Commodity Briefing



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