The News Review:

- Forex – US dollar slightly firmer in Sydney morning trade; more…
- Montek moots $50 bn for core sector
- S Korean won falls amid concern growth may slow

Forex – US dollar slightly firmer in Sydney morning trade; more…
Forbes – Apr 20, 2008
(0010 GMT) the dollar was at 103. 67 yen in late New York trading on Friday while the euro was at $1.

Montek moots $50 bn for core sector
Economic Times – Apr 20, 2008
With more and more companies finding it difficult to arrange external borrowings
for infrastructure needs, deputy chairman of Planning Commission

Montek
Singh Ahluwalia

has
mooted an idea to set aside $50 billion from the $312-billion forex reserves. ?I
feel, we can use at least $50 billion out of our forex reserves for
infrastructure needs. The government has already taken a few steps that would
enable us to use foreign reserves for financing infrastructure. A subsidiary of
India Infrastructure Finance Company has been set up and the London office was
inaugurated by the finance minister last week. The vehicle is now fully
operational. If necessary, it could insulate us from having any short-term
difficulties in getting external finances,? he added.

S Korean won falls amid concern growth may slow
Taipei Times – Apr 20, 2008
The peso may weaken to 42. 50 in the next two months, Ravelas said. The New Taiwan dollar was little changed at NT$30. 285 on Friday, Taipei Forex Inc figures show. The Malaysian ringgit traded at 3. 1415 on Friday, against 3.