Reserve Bank of India: Capital controls may be introduced if inflows surge.

By bne IntelliNews December 9, 2009

According to news agency Reuters , Reserve Bank of India (RBI) Governor D Subbarao stated on Monday that the RBI could resort to capital control measures in case there was a surge in capital inflows. Participating in a televised panel discussion along with Subbarao, Prime Minister's Economic Advisory Council Chairman C Rangarajan said that capital inflows were expected to be manageable during the current financial year.

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