Forex
Reserves from equity are different!
AS expected, the Government has decided to go in for another float of bonds in the offshore market, directed particularly at NRIs. Going by reports, the size of the issue may be anywhere between $ 2.5 billion and $ 4 billion.

RBI: Will FCNR (B) not serve RIB purpose?
A PECULIAR problem with conserving resources for a ``rainy day'' is that one becomes quite reluctant to use up the resources. Even on a rainy day. The difficulty is that even when a contingency arises, one would rather wait for a ``more real'' contingenc y.

Re ends weaker
MUMBAI: THE rupee weakened marginally on Tuesday to close the day at 46.05 compared to Monday's close of 46.01/03.

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