| 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
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