20 Aug 2018 | 6:52 AM
Research Report

Currency Research Report: Vote on Account 2014 - Impact on Currency Markets

Highlights of the Vote on Account 2014
17 Feb 2014 | 08:07 PM

The Vote on Account 2014 includes no significant drawdowns but the struggling economy asks for more. Government did not propose reforms, but managed to avoid a damaging credit rating downgrade to lift investor sentiment or to bring back investors in the marketplace.


Government tried to engulf the bridge of twin deficits and emphasized the need of foreign investments in the emerging nation like ours. To enable Indian companies to fully hedge against foreign currency risk, currency derivatives market will be deepened and strengthened.


Please find highlights from the Vote on Account and its impact on currency markets in detail.