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Need to raise petrol prices urgently, says Rangarajan
May 23, 2012 at 11:10 | Source: CNBC-TV18
The government needs to raise petrol prices urgently to address the twin problems of fiscal deficit and current account deficit, C Rangarajan, Chairman of Prime Ministers Economic Advisory Council told CNBC-TV18 in an exclusive interview today.
RBI's inability to correct rupee worrisome: IndusInd
May 11, 2012 at 16:19 | Source: CNBC-TV18
The RBI (Reserve Bank of India) tried to boost the Indian currency on Thursday after it directed exporters to convert 50% of their dollar earnings in the Exchange Earner's Foreign Currency (EEFC) account to rupee. However, despite the RBI's intervention, the rupee was at a record low and there was hardly any noticeable movement in the currency.
RBI's rupee move won't impact pharma companies, say experts
May 10, 2012 at 14:56 | Source: CNBC-TV18
Chirag Talati, pharma analyst, Espirito Santo Securities says the RBI's move to boost the Indian currency by asking exporters to convert 50% of their foreign exchange holdings into rupees will not have a significant impact on pharma companies.
EEFC order raises risk of additional volatility: Bajaj Auto
May 10, 2012 at 12:43 | Source: CNBC-TV18
After the RBI issued a directive stating that exporters will be required to convert 50% of their foreign exchange holdings into rupees, the Indian currency has reacted. Exchange Earners' Foreign Currency (EEFC) account holders have also been asked to buy forex only after the existing balance has been used.
See rupee in 52.75-53.5 range in near-term: IDBI Bank
May 10, 2012 at 12:14 | Source: CNBC-TV18
The Reserve Bank of India has asked exporters to convert 50% of their dollars held in Exchange Earner's Foreign Currency (EEFC) accounts into rupee. NS Venkatesh, chief general manager and head treasury of IDBI Bank says, it is a welcome step.
Exporters need to sell $2.5-3bn after RBI move: Sources
May 10, 2012 at 11:12 | Source: Reuters
Exporters will need to convert about USD 2.5-USD 3 billion dollars into rupees from their foreign exchange accounts following the Reserve Bank of India's directive on Thursday.

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Need to raise petrol prices urgently, says Rangarajan
RBI's inability to correct rupee worrisome: IndusInd
RBI's rupee move won't impact pharma companies, say experts
RBI to exporters: Convert 50% dollar holdings into rupee
EEFC order raises risk of additional volatility: Bajaj Auto
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The Forward is not a Forecast
This might be a little basic for old hands in the market, but there is often a misconception among new entrants that the Forward Rate is a forecast of where the rate is going. For instance, if on May...
May 14, 2012 at 01:04 | Source: The Hindu BusinessLine
China central bank bends to set yuan free
BEIJING ( Caixin Online ) — Twice since the beginning of the year, China’s central bank has strongly hinted that the government is ready to accelerate the pace of yuan exchange rate reform. A Feb...
May 03, 2012 at 11:42 | Source: Market Watch
London’s yearning for China’s yuan
LONDON ( Caixin Online ) — Armed with an ambition to be an offshore yuan center, London is forging ahead with steady efforts to develop its infrastructure and banking services in line with processi...
May 03, 2012 at 11:42 | Source: Market Watch
Hasty move on capital account convertibility can harm economy: RBI Governor
New Delhi, April 15: The Reserve Bank of India Governor, Dr D. Subbarao, has said that India will “gradually” move towards capital account convertibility only after preconditions like fis...
Apr 16, 2012 at 02:47 | Source: The Hindu BusinessLine
Pre-mature capital account convertibility can harm economy: RBI
NEW DELHI: Reserve Bank of India (RBI) Governor D Subbarao has said that India will "gradually" move towards capital account convertibility only after preconditions like fiscal consolidation are met....
Apr 15, 2012 at 23:26 | Source: Economic Times
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Guo Shuqing on China's capital account convertibility
Guo Shuqing, Chairman of the China Securities Regulatory Commission (CSRC), delivers a speech at the International Organization of Securities Commissions (IOSCO) Annual Conference Wednesday in Beijing. (People's Daily Online/Li Zhenyu) China's capital ...
May 18, 2012 at 08:12 | Source: People's Daily Online
Top regulator on China's capital account convertibility
China's capital account is far more convertible than outside institutions believe, and now is a good time for China to make the yuan freely convertible, the top Chinese securities regulator said. Shuqing Guo, Chairman of the China Securities Regulatory ...
May 18, 2012 at 09:02 | Source: Examiner
Time right for China yuan convertibility -regulator
"Currently, conditions are extremely favourable for promoting yuan convertibility on the capital account", Guo Shuqing, head of the China Securities Regulatory Commission (CSRC), told an audience of financial regulators and industry executives. Guo said ...
May 16, 2012 at 14:05 | Source: Inside Fidelity
Government to move fast to weigh benefits of using financial products
He said China would be careful about the notion of "fully free convertibility", and convertibility under capital account doesn't mean there will be no capital control. China will gradually relax the limits placed on investments made by qualified foreign ...
May 17, 2012 at 00:07 | Source: China Economic Net
Yuan much more convertible: official
He said China would be careful about the notion of "fully free convertibility", and convertibility under capital account doesn't mean there will be no capital control. China will gradually relax the limits placed on investments made by qualified foreign ...
May 17, 2012 at 05:36 | Source: Xinhua News Agency
Official: Yuan much more convertible
He said China would be careful about the notion of "fully free convertibility", and convertibility under capital account doesn't mean there will be no capital control. China will gradually relax the limits placed on investments made by qualified foreign ...
May 17, 2012 at 02:01 | Source: China.Org
TEXT-S&P affirms Romania's ratings at 'BB+/B'
The transfer and convertibility (T&C) assessment is 'BBB+ ... has narrowed to 130% of current account receipts (CARs). However, because of capital account flows and FDI and other equity funding, external debt net of liquid assets is lower ...
May 25, 2012 at 16:18 | Source: Reuters
Chinese banking official calls for greater capital market reforms
BEIJING, May 17 (Xinhuanet) -- China's currency is just around the corner from being fully convertible and the economy's capital account is already far more ... to carry out the strategy of realizing convertibility of (the) yuan And it will not be too ...
May 16, 2012 at 16:57 | Source: Xinhua News Agency
The Forward is not a Forecast
or countries with full capital account convertibility. Even in India, which has limited capital account convertibility, the interest rate differential between USA and India now influences the short-term forward rate to a large degree ...
May 17, 2012 at 06:55 | Source: MoneyControl.com
A review of the IOSCO Annual Conference 2012
and Shuqing Guo focused on the opening up of China's capital market and the nation's capital account convertibility. The Panel Session highlighted a number of issues regarding regulators' strategies for market supervision, challenges facing them and ways ...
May 24, 2012 at 23:14 | Source: Examiner

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