Saturday, May 16, 2015

India on Road to Full Rupee Convertibility


  • Reserve Bank of India Governor, Sh. Raghuram Rajan, signaled that the country may be on course to have full convertibility of the currency without mentioning a time frame, a debate which commenced nearly two decades ago.
  • The controversial base rate concept could be scrapped if a benchmark for pricing credit such as loans and bonds is established.

0 comments:

Post a comment