Message Font: Serif | Sans-Serif
No. of Recommendations: 0

The Indian central bank has ordered exporters to sell half their foreign currency holdings and buy rupees in order to help shore up the currency. This is another interesting ploy by Indian financial regulators to combat the country's political paralysis.

While Ben Bernanke has critics claiming he thinks the central bank is all powerful, even he has admitted (repeatedly) politicians have to get their end in shape if an economy is to avert disaster.

We'll see how long it takes for India to learn this lesson.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.