...........There
is a feeling within some sections of policymakers that capital
controls, such as reducing the automatic limit on corporate investments
oversees as well as the annual forex remittances by individuals, were
knee-jerk responses to the falling rupee. They now want to use the
breather provided by the Fed to reverse these decisions and take steps to bolster the rupee against the impact of a possible taper of the bond-buying.......
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