RBI’s Gokarn doesn’t rule out capital controls
If needed, capital-inflow restrictions will be used, said Subir Gokarn, a deputy governor of the Reserve Bank of India.
Gokarn said that an important lesson from 2006 onwards was that nothing should be off the table. He said there was, currently, no proposal to use either quantity restrictions or price restrictions but if the situation warranted, the central bank would not deny itself the opportunity of using them.
He made the comments in an interview on 1 February.
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