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Indian central bank said to be mulling plans for rupee convertibility.

Global Banking News-May 8, 2015--Indian central bank said to be mulling plans for rupee convertibility

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Global Banking News - 08 May 2015

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The Indian central bank is said to be planning for rupee convertibility after plans were postponed some time ago.

Governor Raghuram Rajan is looking to revive plans for a freely floating currency. He first proposed the move when he took office in 2013. Even though the realisation of such a plan could take years, RBI officials feel that it is time to take the first steps for such an initiative.

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Publication:Global Banking News (GBN)
Date:May 8, 2015
Words:130
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