https://www.taxtmi.com/news?id=12651 Policy favours calibrated progressive opening of the capital account to mobilise stable long term finance while safeguarding balance of payments and exchange rate stability. The Reserve Bank combines reserve management and interventions with modulation of capital controls and restrictions on derivatives to curb speculative flows. A hierarchy of inflows is maintained-prioritising FDI, managing portfolio investment, and tightly regulating ECBs-with prudential safeguards for unhedged foreign currency exposures. Reform sequencing emphasises predictability, gradualism and regulatory irreversibility considerations. en-us Tue, 22 Apr 2014 13:16:02 +0530 Tue, 22 Apr 2014 13:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=12651 Policy favours calibrated progressive opening of the capital account to mobilise stable long term finance while safeguarding balance of payments and exchange rate stability. The Reserve Bank combines reserve management and interventions with modulation of capital controls and restrictions on derivatives to curb speculative flows. A hierarchy of inflows is maintained-prioritising FDI, managing portfolio investment, and tightly regulating ECBs-with prudential safeguards for unhedged foreign currency exposures. Reform sequencing emphasises predictability, gradualism and regulatory irreversibility considerations. News - Tue, 22 Apr 2014 13:16:02 +0530 https://www.taxtmi.com/news?id=12651