CURRENCY NEWS

- By FX Markets Staff
- @FXMarkets_
- 28 Feb 2000

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com