Thursday, November 14, 2013

Finmin promises FIIs policy support

.........The FIIs are also said to have discussed marco-economic matters such as India's current account deficit and fiscal deficit targets, which, they were assured promptly, will be met. “Everyone was bullish, there were no concerns,” Chidambaram told reporters when asked about the meetings. Later in the evening, Mayaram and senior ministry officials met RBI Deputy Governor HR Khan and officials from the central bank as well as Securities and Exchange Board of India to discuss clarifications on the definitions of FII and Foreign Direct Investment (FDI)............

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