Tuesday, May 11, 2010

RBI Subbarao: Will revisit road map for liberalizing capital acct

RBI Subbarao:
Followed consistent policy on allowing FX flows
Capital acct convertibility means for stable growth
No Policy Tool Off Table For Managing Capital Inflows
Will revisit road map for liberalizing capital acct
"not contemplating" Tobin tax on flows
Context to decide choice of tools to manage flows
FX rate policy not guided by fixed target, band
FX rate policy for managing excessive volatility

No comments:

Post a Comment