Full float not before 2009: Chidambaram

Sensible policy.
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Full float not before 2009: Chidambaram
Posted online: Saturday, April 08, 2006 at 0012 hours IST

NEW DELHI, APRIL 7: Finance minister P Chidambaram has ruled out full
convertibility of the rupee before 2009, saying revenue deficits would
have to be wiped out first in the economy.

"I don't think in any event we will be ready until we can wipe out
the revenue deficit and bring down the fiscal deficit to 3%, which
means, not earlier than 2009," he said in an interview to the
Singapore daily The Strait Times...

http://www.financialexpress.com/fe_full_story.php?content_id=123060

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