imf-chief-cautions-india

IMF chief cautions India

Managing director Dominique Strauss-Kahn says further moves to curb capital inflows could undermine confidence in the economy.
International Monetary Fund IMF managing director Dominique Strauss-Kahn is concerned that any further moves by India to curb capital inflows could chip away at the confidence in its economy.

ôIt has been said or asked or it has been written that India should implement in one way or another some limits to the capital inflow,ö says Strauss-Kahn, a former French finance minister.

ôThe problem of this kind of thing is it may undermine the confidence on the Indian economy. It will have an influence certainly on capital inflows but not always a good influence,ö he adds.

Strauss-Kahn made the comment at his first news conference on November 2, a day after starting his new post...
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