ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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MonetaryPolicy, Sterilisation and Capital Mobility

The RBI faces a dilemma. With the progressive liberalisation of the capital account, there will possibly be increased sterilisation activities by the bank. However, going by the experiences of the east Asian countries, the apex bank will be hard-pressed to ensure the success of such sterilisation. So whether or not to liberalise the capital account will remain an unanswered question.

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