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

Monday, June 19, 2000

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Money

Forex
RBI can only envy China's forex situation
IS there any Chinese magic which endows that country with an enviable combination of financial market conditions? For instance, its bulging foreign exchange reserves, a highly stable exchange rate and most importantly, all that comfort on the exchange ra te front despite extremely soft interest rates.

Where has liquidity vanished?
IT was another treacherous fortnight for bond traders, which saw yields firm up further behind high overnight rates and continued Government bond issuance at the long end.


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