THE HINDU BUSINESS LINE
Financial Daily
from THE HINDU group of publications
Monday, August 14, 2000
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Money

Forex
Bonds track forex market
LAST month's interest rate hikes seemed to have had little effect on the forex market as the rupee continued its slide to cross the crucial 46-level last Friday.

RBI FX swaps: No innocuous intervention technique
IT is well-known that the Reserve Bank of India is a very active player in foreign exchange swaps. An analysis of the RBI's dollar purchase/sale statistics over a period of time clearly shows the RBI being quite heavily engaged in the FX swaps market.

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