https://www.taxtmi.com/news?id=11626 The statement attributes rupee depreciation to global capital flow reversals and domestic factors, notably a large current account deficit from high gold and fuel imports and weak exports. It commits to reduce the current account deficit and finance it orderly by maintaining a macroeconomic framework favourable to foreign capital inflows, rejects capital controls, endorses RBI focus on inflation containment, aims to contain the fiscal deficit through targeted spending restraint, and prioritises structural reforms including FDI liberalisation, subsidy reform and GST to restore competitiveness and external stability. en-us Fri, 30 Aug 2013 14:06:53 +0530 Fri, 30 Aug 2013 14:06:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=11626 The statement attributes rupee depreciation to global capital flow reversals and domestic factors, notably a large current account deficit from high gold and fuel imports and weak exports. It commits to reduce the current account deficit and finance it orderly by maintaining a macroeconomic framework favourable to foreign capital inflows, rejects capital controls, endorses RBI focus on inflation containment, aims to contain the fiscal deficit through targeted spending restraint, and prioritises structural reforms including FDI liberalisation, subsidy reform and GST to restore competitiveness and external stability. News - Fri, 30 Aug 2013 14:06:53 +0530 https://www.taxtmi.com/news?id=11626