Lower Valuations May See India Outflows Moderate, RBI Head Says

Foreign outflows from Indian markets may slow this year as asset values have corrected, the head of the nation’s central bank said at an event Friday, according to a speech copy made available on its website.

The country’s net capital account position should be better than last year, Reserve Bank of India Governor Sanjay Malhotra said at an event organized by a fixed income industry body in Amsterdam on Friday, according to the speech copy.