RE REGISTERS MARGINAL FALL
Article Abstract:
The rupee reported a marginal fall to 42.4950/5050 in the forex market on March 3, 1999 (42.48/49 on March 2, 1999). The rupee reported a fall following heavy corporate and inter-bank demand for dollars. By noon, the rupee had touched the 42.56 level. It touched the 42.50 levels after the inter-bank sale of dollars. Initially, the rupee witnessed a fall due to a rumour that the Finance Ministry favoured the depreciation of the rupee during 1999-2000. (ag)(psr)
Comment:
The rupee reported a marginal fall to 42.4950/5050 in the forex market on March 3, 1999 (42.48/49 on March 2, 1999).
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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EXIM POLICY TO BALANCE WTO TERMS WITH EXPORT PROMOTION
Article Abstract:
The new Exim policy, which will be presented by the Union commerce minister on March 31, 1999, will have the task of pushing India's exporters to capture world markets as well as meeting the country's obligations at the World Trade Organisation. The policy is expected to streamline procedures of many export promotion schemes to reduce transaction costs for exporters. (khr)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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