Floating the Rupee

Sarita Rai writes in the IHT - A long road remains to free-floating rupee

Need subscription to read this article in The Economist on the Convertibility of the Rupee - In a difficult political environment, Manmohan Singh, India's prime minister, has a knack for pursuing reform by stealth. An important proposal was announced on March 18th not in parliament but in Mumbai at a humdrum book launch of the third volume of a history of the Reserve Bank of India (RBI), the central bank. Mr Singh said he had asked the RBI to revisit the issue of full convertibility of the rupee.

Roadmap for free float of the Indian rupee

India's move to float rupee to boost investment, say analysts