...... The flow of funds from foreign institutional investors has become an uneven and uncertain trickle due to fears over amendments to tax laws. The RBI itself in a paper (April 11) on foreign direct investment flows to India has attributed them to certain institutional factors that dampened the investors' sentiments. In these circumstances, the Finance Minister may have to put under the scanner the strength of the macro-economic fundamentals themselves. The fall of the rupee is a complex syndrome which had predominantly to do with India's economic (mis)management, rather than being brought on by Greece or Euro Zone...........
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