INDIAS DEBT AND FOREX MARKETS CENTERED IN LONDON?

Modi and Xi in the RCE/LC reception area and then into LC itself to make sure who ever wins in the massive Hyperlittoral War the drug runners in LC will be swimming in lucre whilst everyone else swims in blood.

LC really could not give a flyingphukk what happens in the ME unless it feeds into the HW.

Wide Awake Gentile

modi-cam

Putting economic engagement at the centrestage of their relations, India and the United Kingdom said Thursday that they will sign commercial deals of 9.2 billion pounds over the next three days

Earlier, British Prime Minister David Cameron said, “ We want to become the number one partner to finance the immense economic vision of Prime Minister Modi and make London the centre for offshore rupee trading with the launch of 1-billion worth of bonds including the first government-backed rupeedenominated bond.” Source

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IN ORDER FOR LONDON TO BE CENTER FOR RUPEE TRADING  INDIA WILL HAVE TO MOVE  TO A FULL CONVERTIBILITY REGIME FROM THE PRESENT CURRENT ACCOUNT COVERTIBILITY 

Full convertibility of rupees means unified market determined exchange rate regime, converting rupees in to foreign currencies on both sides i.e. from “current account” and from “capital account” side. CurrentaccountConvertibility means the exporters and importers are allowed a free…

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