Indian government indicates change of currency regime

BusinessWeek online: Last week Prime Minister Manmohan Singh indicated his government's readiness to move towards capital account convertibility -- making the flow of money in and out of the country for investments easier. The central bank announced the appointment of a six-person committee to produce a "road map" toward that goal by July 31.

read the full article by BusinessWeek online:
http://www.businessweek.com/investor/content/mar2006/pi20060324_632691.htm


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