India needs to build on Re stabilisation: Survey
09/07/2014 17:49
Attributing the rupee fall in 2013 to frictional forces and speculations in the forex market, the Economic Survey today said the currency has stabilised, reflecting overall sense of confidence and the government should build on this optimism to improve investment flows, reported PTI. "The large depreciation of the rupee during the course of the year could partly be attributed to frictional forces and partly to the role of expectations in the forex market," the Survey said. The rupee, which is trading around 59.9 to a US dollar, has stabilised recently, reflecting an overall sense of confidence in the forex market as in other financial markets of a change for better economic prospects, as per the media reports. "There is a need to nurture and build upon this optimism through creation of an enabling environment for investment inflows so as to sustain the external position in an as yet uncertain global milieu," it added
09/07/2014 17:49
Attributing the rupee fall in 2013 to frictional forces and speculations in the forex market, the Economic Survey today said the currency has stabilised, reflecting overall sense of confidence and the government should build on this optimism to improve investment flows, reported PTI. "The large depreciation of the rupee during the course of the year could partly be attributed to frictional forces and partly to the role of expectations in the forex market," the Survey said. The rupee, which is trading around 59.9 to a US dollar, has stabilised recently, reflecting an overall sense of confidence in the forex market as in other financial markets of a change for better economic prospects, as per the media reports. "There is a need to nurture and build upon this optimism through creation of an enabling environment for investment inflows so as to sustain the external position in an as yet uncertain global milieu," it added
