RBI
Governor RaghuramRajan said a ceiling on how much government debt foreigners can
buy could be removed over the next two years and added that he wants
to see the rupee as a global reserve currency in a decade, Euromoney
reported in its web site.
Rajan told the magazine that the country would remove foreign
investment limits "once the world becomes excited in a more
substantial way about the India story".That would happen once the economy reaches its potential output over two consecutive years and foreigners move to long-end maturities, Euromoney also reported Rajan as saying.
INTRADAY FREE TIPS FOR TODAY 13 Oct
- Idea Cellular is a 'SELL' call with a target of Rs 151 and a stop loss of Rs 156.
- Power Finance Corporation Ltd is a 'Buy' call with a target of Rs 256 and a stop loss of Rs 230.
- Asian Paints Ltd is a 'Buy' call with a target of Rs 695 and a stop loss of Rs 655.
- Bharti Airtel Ltd is a 'SELL' call with a target of Rs 380 and a stop loss of Rs 398.

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