<h1>RBI Deputy Governor Discusses Evolution of India's Capital Account, Emphasizes Balance in Foreign Investments at FEDAI Conference.</h1> A Deputy Governor of the Reserve Bank of India addressed the 9th Annual Conference of the Foreign Exchange Dealers Association of India in Cape Town, discussing the evolution of India's capital account management. He highlighted the shift from stringent exchange controls post-1966 to greater openness post-1991, emphasizing the balance between capital inflows and outflows. The speech covered the role of foreign direct investment, portfolio investments, and external commercial borrowings in India's economic strategy, while also addressing the challenges of exchange rate stability and the impact of offshore markets. The importance of regulatory consistency and gradualism in policy evolution was underscored.