......G. Padmanabhan stated that the Indian government is improving foreign exchange reserves through non-borrowing methods by increasing capital account inflows and reducing current account outflows. India's central bank has also shown increased efficiency in its monitoring mechanism. The emphasis is now more on the flow of Foreign Direct Investment (FDI) than the Foreign Institutional Investors (FII) inflows. The RBI has also formed a special committee on keeping a daily watch on foreign exchange market for better control, he added...............
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