Monday, November 29, 1999

Greek crisis may see some forex outflows from EMs - RBI

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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 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.(Reporting by Niladri Bhattacharya)(For more business news on Reuters Money visit http://www.reutersmoney.in)
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