January 29, 2015 10:14 pm | Updated 10:14 pm IST - MUMBAI:
India is not ready for full capital account convertibility, Reserve Bank of India Deputy Governor H. R. Khan said here on Thursday.
“The pros and cons of full capital account openness is a contentious issue, and, in any case, we are not ready for it at this point of time,” said Mr. Khan, while delivering the key note address on ‘Derivatives dynamics: looking back and looking ahead’ at the Finance Conclave 2015, organised by SP Jain Institute of Management & Research, here.
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.
