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Forex outflows from EMs: RBI
May, 10th 2010

The Greek crisis may lead to some forex outflows from emerging markets in the near-term, Subir Gokarn, a deputy governor of the Reserve Bank of India (RBI) said on Monday.

"There might be some nervousness among investors worldwide which might provoke capital outflows from emerging markets in the short-run, so there is a risk of short-term vulnerability of capital outflows," Gokarn said.

Gokarn also said that he did not see pressure on liquidity in the April-September period despite high government borrowing.

 
 
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