Mumbai: In view of its strong balance of payments and comfortable foreign exchange reserves position, India has been selected for the first time by International Monetary Fund to become a member of its Financial Transaction Plan. Accordingly, India has contributed US dollar 205 million to the FTP, thus turning from a debtor into a creditor to IMF. The decision to select India as a member of FTP from September-November 2002 quarter sends a strong signal of the country's strength and the resilience of its external sector to the international community, an RBI release said in Mumbai on Saturday. The IMF...