Reforms do not necessarily mean free-floating yuan, says PBOC chief Central bank chief Zhou Xiaochuan said on Monday that the country's goal to achieve the yuan's capital account convertibility ...

The idea of a "gold standard" monetary system is pretty simple -- the currency's value is fixed to gold. This is really no different than the dozens of "euro standards" and "dollar standards" already ...

IN the past two years the financial strength of the free nations of the world has grown remarkably. Europe is now strong enough for the biggest and riskiest financial step since the end of World War ...

Economic liberalisation set in motion by the Narasimham Committee’s recommendations in 1991 put India on the path to opening its previously closed economy. Within five years, the country had moved to ...

The observation that concepts from quantum information has generated many alternative indicators of quantum phase transitions hints that quantum phase transitions possess operational significance with ...

MUMBAI/NEW DELHI, May 8 (Reuters) - Fresh from his success in securing a mandated inflation target, Reserve Bank of India Governor Raghuram Rajan has revived another long dormant reform as he seeks to ...

A robust external profile has enabled increasing levels of convertibility in both current and capital accounts of India’s transactions with the world. Moreover, the country today boasts strong forex ...

In light of changed market conditions, there is now a case for introducing a strong-side convertibility undertaking for the Aggregate Balance in addition to the existing weak-side, the Exchange Fund ...