RBI appoints committee on rupee float

In consultation with the Government of India, the Reserve Bank of India on Monday 20 March appointed a committee to set out the framework for fuller Capital Account Convertibility.

Economic reforms in India have accelerated growth, enhanced stability and strengthened both external and financial sectors. Our trade as well as financial sector is already considerably integrated with the global economy. India's cautious approach towards opening of the capital account and viewing capital account

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