Thursday, May 24, 2012

Ways to handle forex crisis

...........It is time the RBI constitutes an expert group to take a total view of the issue of the stability of the forex market, taking cognisance of its interface with monetary, fiscal and debt management policies and come out with feasible recommendations within a month. The group should be broad-based, including all stakeholders. In the meantime, the central bank should continue with administrative and regulatory measures to curb speculation............

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