THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications

Monday, June 26, 2000

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Money

Forex
Oil could upset US inflation applecart
OIL took centre stage last fortnight. The prices surged and breached the $32-a-barrel level. Tightness in the market followed close on the heels of the OPEC meeting on June 21 in Vienna.

RBI's move on foreign currency/Re swaps -- Response to financial engineering gone overboard?
IF ever there have been doubts about the Reserve Bank of India pulling out all the stops to ensure orderly FX market conditions, such doubts have been more than dispelled in the recent past.


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