ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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STOCK MARKET-Cornering Funds

STOCK MARKET-Cornering Funds

Set against the size of the external debt, foreign exchange reserves in rupees are now a mere six thousand crore. In terms of SDRs, the reserves fell by 17-18 per cent in 1988-89 and by another 8 per cent in the first quarter of 1989-90, so that by June this year they had reached a level of SDR 3,408 million which would not cover more than six weeks' imports.

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