It's a very important step India has to take to move to full convertibility of the rupee. It's better for India as it opens up its market.
More Quotes from Siddharth Mathur:
The cash shortage in the economy is temporary because it is a consequence of government not spending enough and repayment of debt by the State Bank of India in December. Capital inflows are still strong.Siddharth Mathur
Given the continued higher growth trajectory, the risks remain that interest rates need to be adjusted further up.
Siddharth Mathur
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