Watch out for inflows: India’s Subbarao
Emerging markets might face another surge in capital flows as advanced countries' central banks have flushed their financial systems with an unprecedented amount of liquidity, Duvvuri Subbarao, the governor of the Reserve Bank of India, has warned.
Subbarao said given incipient inflationary pressures, policy rates in India may have to be tightened ahead of those in advanced economies and that the interest rate differential could attract larger capital inflows. He also said that India's current
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