Curbing Forex Trading Is Not The Solution - India
Curbing Forex trading is not the solution for correcting the economy. The Reserve Bank Of India Management has stopped trading in Currency Futures and Exchange-Traded Option Market. What the Government thinking is that with this policies they can curb the speculation between United States Dollar V/s Indian Rupee[INR]. Securities & Exchange Board of India[SEBI] has doubled the margin requirement for trading in USD$ V/s Indian Rupee[INR]. Finance Minister P.Chidambaram is already in United States of America to bring in Foreign Direct Investments to India and make roads to recovery of Indian Rupee[INR]. He's having problems to push investments in sectors like Defence, Telecom, Pharma and Retail. Indian economy is suffering from Current Account Deficit [CAD] of 4.8%, which is also ruining the value of Rupee. Imbalance Terms of Trade too plays its part. Indian Industrial Production [IIP] is not any signs of recovery. Agriculture is doing well, though it's not performing 4% gr