Economic & financial indicators

FINANCIAL MARKETS

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FINANCIAL MARKETS The Indian currency fell to a record low against the dollar of 45.17 rupees, after a sharp increase in the trade deficit swamped the effect of the Reserve Bank's increase in interest rates. Most other Asian currencies rose, but Indonesia's rupiah lost 3.1% following a bomb attack on the Philippine ambassador's residence in Jakarta.

This article appeared in the Economic & financial indicators section of the print edition under the headline “FINANCIAL MARKETS”

The electric revolution

From the August 5th 2000 edition

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