The world is not on the brink of a crisis: Nizam Idris

...........Such flows have been easier to come by in the last few years when the Fed and other major central banks were pumping in cheap liquidity to resuscitate their respective economies. But with the Fed now looking likely to turn the spigot off, some funds are returning to the US. The RBI cannot stem these flows but could utilise some of the foreign reserves accumulated in the last four years as funds flowed into India to cushion the impact on the INR now that those funds are exiting. But this has to be done in moderation as the RBI needs to maintain adequate reserves. ...........

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