Finance, Forex and Investments

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Summary: ) in the current year, bringing the rates to the lows it had last seen in May 1962. Since the September 11 attack Fed has cut 100 bps to cope up with the weakness in the economy. Call rates opened at 7.00%-7.25% on Monday but closed lower on adequate liquidity at 6.80%-6.90%. Forward premiums saw paying (sell and buy forward) interest among banks as they

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