Agricultural exports: Making INR a strong currency

November 28, 2011 16:32

India has never had a freely convertible currency since independence. We therefore have no way of knowing its true value in the international markets. The currency's day to day value is loosely determined by demand supply in the local currency markets open only to domestic players and a few authorized foreign banks with in a band set by RBI.

Read Sonali Ranade's blog.

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