Forex
FIs have the best of many worlds
ARE the financial institutions having the best of many worlds? It would appear so if the latest Reserve Bank of India draft guidelines on issue of Commercial Paper are any indication.

Does HDFC support soft rates view?
THE Liquidity Adjustment Facility (LAF) put in place a month back by the Reserve Bank of India is still an evolving concept and everybody is on the learning curve, the central bank's Deputy Governor has said. This statement quite clearly implies that no definite conclusions as to whether the RBI has sent tight money signals (in the past month) can be made at the present juncture.

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