Business Standard

Capital controls can't replace macroeconomic policy: Gokarn

Related News

cannot be a substitute to macroeconomic policies but should complement overall macroeconomic management, Reserve Bank of India Deputy Governor said on Monday at an RBI-Asian Development Bank conference. “In (the) scenario of high-end capital flows, such measures should complement rather than substitute the appropriate monetary, exchange rate, foreign reserve management and prudential policies,” he said referring to discussions on capital controls held by the Group of 20 Nations.

Read more on:   
|
|
|

Capital controls can't replace macroeconomic policy: Gokarn

Capital controls cannot be a substitute to macroeconomic policies but should complement overall macroeconomic management, Reserve Bank of India Deputy Governor Subir Gokarn said on Monday at an RBI-Asian Development Bank conference.

cannot be a substitute to macroeconomic policies but should complement overall macroeconomic management, Reserve Bank of India Deputy Governor said on Monday at an RBI-Asian Development Bank conference. “In (the) scenario of high-end capital flows, such measures should complement rather than substitute the appropriate monetary, exchange rate, foreign reserve management and prudential policies,” he said referring to discussions on capital controls held by the Group of 20 Nations.

image

Read More

Festive season brings cheer for banks in retail credit

The reduction in interest rates by banks in home loans has finally helped banks to garner a higher month-on-month growth this year in the festive ...

Recommended for you

Quick Links

More news from Finance Rss icon

PNB identifies 400 wilful defaulters; to sell 3K cr NPAs

Says work is on for strategic debt restructuring as per RBI guidelines

Syndicate Bank Q1 net dips 38% to Rs 302 crore

Total income increased to Rs 6,323.4 crore

Bank of India Q1 net falls 84% on higher bad loan provisioning

Gross NPA as a percentage of total loans spiked to 6.8%

Back to Top