Also, opening of exports to foreign markets would improve the balance of payments of the country and increase the revenues for the economic entities involved in export activities. Removing the important constraints would also improve the life conditions of ordinary citizens, offering them a large variety of products at superior quality. The estimates in the economic forum present India as a new force in the international market, so when the market, both commercial and financial, would be fully liberalized, both the Indian people and the international investors seeking new business opportunities will have to win from this situation.
IV. Foreign exchange market
The national currency of India is the Rupee, with the 1000 value as the highest printed denomination and the currency with the lowest value is the 25 paise coin. The majority of the Rupee banknotes present the former political leader and opinion formant, Ghandi. The value and the policy of the Rupee is set and monitored by the National Bank, through different direct and indirect measures of monetary policy - reserve level, discount rate, etc. Due to the commercial transaction with its neighbours, Indian national currency is accepted both in Nepal and Bhutan. In the past the national currency was connected and pegged to the British pound and the silver. Due to issues of liquidity and monetary stability and fluctuating exchange rates, but the Rupee is now a fully convertible currency. Thanks to the favorable economic predictions for the commercial future, the role of Rupee will increase on the international monetary market, due to the high demand for this type of currency.
Inflation is another target of the National Bank. First of all, inflation is a negative economic phenomenon that influences the purchasing power of citizens and commercial companies. Although the inflation ended up to in a one figure value at the end of 2006, nowadays is at around 5.4%, economic commentors are skeptical about the Indian inflation kept at a stable pace. The main problem for the...
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