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.


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