Thursday, June 27, 2013

Why Sebi’s simpler foreign investment rules will not save rupee

.......The Securities & Exchange Board of India (Sebi) move to simplify norms for foreign investments is a positive step to bring in much-needed clarity in such investments. However, the move, which has its genesis in Finance Minister Palaniappan Chidambaram’s Budget 2013, is hardly expected to make a dramatic impact in terms of bringing in greater foreign portfolio investments and easing the pressure on the rupee................

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