Banking and Finance
RBI: Trying to steer clear of anachronisms?
IT is well known that the initiation of economic reforms in India (at the turn of the last decade) was not fully out of conviction and by choice. Indeed, it was the major balance of payments (BoP) crisis in 1990 which triggered off and compelled the move towards large-scale economic liberalisation.

Exchange controls in sight?
IT appears direct exchange control measures may soon become necessary to arrest or slow down the pace of the rupee's fall.

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