<h1>RBI and ADB Host Mumbai Conference on Managing Capital Flow Volatility: Emphasize Coordinated Action and Balanced Approaches.</h1> The Reserve Bank of India and the Asian Development Bank hosted a conference in Mumbai to address the management of capital flows, a concern for both source and recipient countries. Participants, including central bankers and academics, emphasized the need for coordinated action to manage capital flow volatility. Discussions highlighted the importance of capital controls, macroeconomic policies, and the development of local currency bond markets. The conference underscored that both strategic and tactical controls are necessary, and that a balanced approach is needed to manage the benefits and risks of capital flows, focusing on long-term investments and financial stability.