Forex
Short-end should be flavour of the month
BAD news with regard to the rupee has been pouring in from all fronts. The latest trade data released by the DGCIS shows a trade deficit of $2.2 billions in April and May 2000 as compared to only $1.3 billions last year.

Softer rates through EPF rate cut -- Is it carrying coal to Newcastle?
THE EPF rate cut and the ``blatant'' manner in which the fiscal authorities are fiating interest rates down is now understandably the subject of much criticism. Some part of the blame will also be transmitted to the internal debt manager -- the Reserv e Bank of India -- if the central bank announces a bond auction close on the heels of the EPF rate cut.

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