Tuesday, March 21, 2006

Rupee convertibility

I would like to believe that P. Chidambaram listened to me.. I can hear you saying yeah right.. But then, how else do you explain this?

India announced yesterday that it is taking steps to make Indian Rupee (INR) capital account convertible. This is a very important step for the Indian economy and will go a long way in global attracting investment by providing the flexibility.

Thank You Mr. Chidambaram for acting on my request..

Related Links
My Earlier Post on Rupee convertibility
Capital Account convertibility
P. Chidambaram on next steps
Reserve Bank of India (RBI) Panel