Mumbai: Global capital flows are a two-way traffic between emerging and advanced economies, but the developing world remains vulnerable to volatility in such flows because they have limitations in borrowing in their own currencies in global markets, according to the RBI. Speaking at the Indian Institute of Technology-Kanpur (IIT) last week, Reserve Bank Executive Director Deepak Mohanty said even as availability of foreign capital alleviates domestic resource constraints, it could also destabilise the economy...........
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