The SS Tarapore committee on fuller capital account convertibility has recommended loosening of controls on capital flows in three phases, over a five-year period ending 2010-11.
India nears free float of rupee
technorati tags:India, Rupee, Finance, Free Floating Currency, Currency
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If India can actually execute this plan the country is going to be a main player in the international economy. Get ready for some Indian cars in America!