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RBI Resorts To Capital Control: Bhanu Baweja

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August 19: Bhanu Baweja, MD & Global Hd - EM Fixed Income & FX Research, UBS Investment Bank, states that the RBI is trying to restrict deficit by trying to restrict imports, The issue lies in the fact that the largest import India conducts is oil, whose prices are going up globally. Furthermore, CAD has been inelastic and remains fairly wide.