Mukherjee Says No Need To Limit Capital Inflows Now

Mukherjee Says No Need To Limit Capital Inflows Now
Mukherjee says no need to limit capital flows now
Have been pouring billions global investors in emerging markets including India, which attracted a record dollar 23200000000 flows into shares so far this year. Some countries have imposed restrictions to the capital or intervened in currency markets to raise the value of the currency brakes.
I do not think there is a need to cover in the flows of capital at the present time, “Mukherjee said in an interview during a visit to his hometown in the state of West Bengal, the annual festival of Durga Puja.
But we are always opposed to toxic assets and volatility is to be avoided. This means, whenever called upon to take the appropriate action will be taken, “he said.
He also must be resolved tensions global currencies, which appears on the surface in recent weeks with the flow of funds from developed economies to emerging economies, the fastest growing, through the discussion.