Saturday, March 3, 2012

Raising overseas investment cap depends on current account, says RBI

MUMBAI: The Reserve Bank today said an immediate hike in the cap on overseas investments by corporates depends on improvement in current account. "Any further liberalisation (of overseas investments by corporates) can take place perhaps after current account condition improves," Reserve Bank Deputy Governor H R Khan told a meet on Outward FDI here this evening...........
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