HDFC Chairman Depak Parekh says that India should continue with its open, flexible currency policy and not keep the rupee to a fixed value. Mr. Parekh said rupee is expected to appreciates further on the back of strong foregn direct investment but will continue to fluctuate by five to ten per cent. Speaking to reporters in New Delhi, Mr. Parekh excuded confidence that the Indian economy would be able to grow even at 10 percent if there are reforms in some sectors. He said that agriculture should also grow at a better pace.
News On AIR | April 7, 2010 9:15 PM
India should continue with its currency policy: Depak Parekh