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India’s capital outflows accelerate amid fears of capital controls
August 22, 2013
NEW DELHI - Investor sentiment towards India has weakened further due to a mix of slowing growth momentum, renewed inflation pressures, rising external risks and fears of capital control measures to stem the slide in the currency. The latest trigger was a set of measures announced by the central bank last week to reduce capital outflows through tighter restrictions on outward remittances of domestic companies and individuals.