RBI talk lifts Re from life-time low of 44.95
The rupee on Thursday fell by 20 paise from its overnight close to a new low of 44.95. A strong statement from the Reserve Bank of India on the "speculative" nature of trades and it asking banks to maintain square positions helped the currency recover to close at 44.7350/75.

FM's stitch in time saved nation from 1991-type crisis, feel and MoF
Finance minister Yashwant Sinha's timely intervention in the controversy associated with tax department's notices questioning "residency status" of some of the foreign institutional investors (FIIs) operating from Mauritius saved the country from plunging into a severe economic crisis, feel ministry officials.

India may seek 15-month extension from WTO to scrap auto sector TRIM
India is likely to seek from the WTO General Council a 15-month extension up to March 31, 2001 to eliminate the only trade-related investment measure (TRIM) it has been applying on its auto policy.


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