Mon, Dec 22, 2014
A A A
Welcome preal121
RSS

Sovereign Wealth Funds Briefing - Categorized | Financials, Market

Will sovereign wealth investments save the Indian rupee?

Posted on 12 June 2013

A sharply falling rupee has led India’s finance officials to consider relaxing the investment rules for foreign sovereign wealth funds. As India continues to fight off the widening current account deficit, the finance ministry, the central bank, and market regulators are hoping that external investment could shore up the country’s finances, and stave off its declining currency.
Two senior ministry officials, who declined to be named, told Reuters the aim was to attract more capital flows from wealth funds in Middle East countries. Finance Minister P Chidambaram has visited the Middle East in recent months to drum up investment………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 15434 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
banner
December 2014
M T W T F S S
« Nov    
1234567
891011121314
15161718192021
22232425262728
293031