ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Cautious Capital Account Liberalisation

The achievements on the external account have been quite remarkable, most notable among them being containment of speculative forces and curbing of arbitrage. The build-up of sizeable foreign currency assets and stability in the forex market have made it possible for the authorities to carry forward the policy of cautious capital account liberalisation.

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