Stock curb to moderate capital inflows: FM

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New Delhi, Oct 17, 2007 : Finance Minister P Chidambaram today endorsed proposals by the stock market regulator to curb some portfolio investment by foreign investors, saying that they were part of a series of steps to moderate capital inflows.

Chidambaram said that the foreign investors were welcome to invest in India through offshore instruments, but it was important to moderate the inflows at present and the decision was good for markets in the long term.

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