Thursday, October 14, 1999
Pakistan coup puts spoke on bull band-wagon
Bullish Indian markets, led by Vajpayee's homecoming, were briefly shaken on Wednesday as the military coup in Pakistan raised the specter of a deterioration in Indo-Pakistani relations.
Call rates zoom to 20 pc, Re turns volatile
The inter-bank call money market turned volatile on Wednesday with call rates (short-term interest rates on inter-bank borrowing) flaring up to 20 per cent.
Industry welcomes Sinha, other reformers
Corporate India, which was lobbying for the `man from Hazaribagh' Yashwant Sinha for the coveted finance minister's job, has turned jubilant over Prime Minister's decision to retain him in the same post.
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