News: Panel on rupee convertibility submits report

(BL 01/08/2006) Mumbai - The Committee on Fuller Capital Account Convertibility has submitted its report to the Reserve Bank of India on Monday. The RBI said it would place the report in the public domain "in due course."

The RBI had set up the committee following a suggestion by the Prime Minister, Dr Manmohan Singh, to set out a roadmap for fuller capital account convertibility.

S.S. Tarapore, former RBI Deputy Governor, who authored the first report on rupee convertibility, chaired the committee, which had M.G. Bhide, Dr R.H. Patil, Dr Surjit Bhalla, A.V. Rajwade and Dr Ajit Ranade as its members.