CURRENCY NEWS
CURRENCY NEWS
Indian Budget To Drive Move To Convertibility
The Indian government is to unveil a budget today (Monday) that will narrow the fiscal gap, bring further stability to the rupee, lay the groundwork for complete capital account liberalization and so improve the external environment for a convertible currency.
Analysts believe that when the Indian rupee and Chinese yuan are fully convertible, the two currencies could rival the yen in commercial importance for trades across Asia.
While the budget is
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