• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

The editorial “Problems of Success” (Business Line, December 14) raised some important points. Currently, both the RBI and the Finance Ministry are doing a good job in maintaining the economy on song. But what is lacking is out-of-the-box initiatives, especially on forex inflows.

The sterilisation solution has become hackneyed. The surging inflows could be channelled more productively into repaying foreign loans, or for infrastructure, or creating an investment fund using the forex reserves (on the lines of Singapore’s Temasek Holdings).

Miswin Mahesh e-mail

More Stories on : Letters | Forex

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Why a fourth commodity exchange is needed

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line