The Indian Express

Wednesday, December 03 1997

The takes you to the story

Jalan raps speculators, rupee recovers as RBI raises CRR
The Reserve Bank of India (RBI) has announced a series of tough measures, including a hike in the Cash Reserve Ratio (CRR) by 0.5%, in a bid to suck excess liquidity from the system and to crack down on speculators and stabilise the plunging rupee. As a result, rupee recovered to close at Rs 39.25 against the dollar.

Leghari quits in protest
Pakistan President Sardar Farooq Ahmad Khan Leghari resigned yesterday in protest against the pressure brought on him by the Nawaz Sharif Government to elevate its candidate as Chief Justice. This is the culmination of a long-drawn out tussle between the judiciary and the executive.

Bangla peace accord to help speed up Chakma repatriation
A long cherished peace accord was signed in Bangladesh yesterday between the government and rebel tribal leaders, ending the 25-year-old insurgency in Bangladesh's southeastern Chittagong Hill Tracts (CHT).

Banks may rush to lure NRIs

Caution: Cleaners at work