RBI director cautions against foreign ‘investment tourists’
RBI has been increasing access to foreign investment ‘in a calibrated and gradual manner’
The financial stability implications of 'investment tourists' in India "exiting at a whiff of trouble" must be kept in mind as the country "progress along the path of liberalisation", the Reserve Bank of India's (RBI) G Padmanabhan argued on Saturday.
The comments from the executive director, made at the Primary Dealers Association of India, follow proposals for allowing the international settlement of Indian government bonds through global securities settlements systems. "Such settlements could
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