Capital Account Convertibility Will Continue To Be A Process, Not An Event: RBI Governor

India will continue to approach capital account convertibility as “a process rather an event”, Reserve Bank of India (RBI) Governor Shaktikanta Das said on Thursday. The central bank chief said the capital account is convertible to a “great extent” at present and enumerated the specifics on both inward and outward flows which are allowed. It can be noted that capital account convertibility is a very sensitive subject as it deals with...