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A forwards march on hot money

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Tamal Bandyopadhyay Mumbai
 On Monday, the value of the October 31 dollar was Rs 45.25 while the October 15 dollar was trading at Rs 45.40. In other words, if a bank entered into a sell-buy swap with another entity (that is, selling spot dollar
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First Published: Oct 16 2003 | 12:00 AM IST

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