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Essay heading: Exchange rates
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Issue: Miscellaneous
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Date added: August 20, 1996
No of pages / words: 1 / 249
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Further, banks can hold both rupee as well as foreign currency deposits and can transmit their influence on interest rates as well as on forward premia.
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The Indian rupee is still not fully convertible on capital account except for certain transactions carried out by foreign institutional investors, within certain limits, and liberalisation on Investment abroad by Indian Individuals/ companies wherein they can freely convert their foreign currency/rupee assets into Indian/foreign currency assets by way of investment in Indian/ foreign capital market...
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