India may ease some rules on rupee trading

Reserve Bank of India governor Bimal Jalan speaking at the Forex Association of India said that the RBA could loosen rules on currency trading and that "Convertibility continues to be a desirable objective for all investment and business related transactions".

Source: Bloomberg

India may loosen some rules on trading its currency, the rupee, while stopping short of allowing it to be ``completely free,'' central bank governor Bimal Jalan said.

India, with a $505 billion economy, Asia's third-bigg