........ few days ago, the governor of the Reserve Bank of India, Duvvuri Subbarao, said that the central bank would let markets decide the rupee’s value, demolishing any expectations that the central bank would intervene in the currency markets. But on June 11, the central bank and the government announced some administrative measures to stem the rupee’s decline: exporters were told to bring their foreign exchange earnings into the country within a year, and the chief economic advisor, Raghuram Rajan, said that the government was considering raising limits on foreign direct investment in certain sectors. Will that be enough to restore faith in the rupee’s value?......
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment