Commenting on RBI recent steps to deal with liquidity, she said that RBI steps are for short time period because inflation rate is very high.
"At present there is deficit in current account because we have to spend lots of money on import of petroleum products and yellow metal (Gold) so RBI has taken such steps.”
"Talking about foreign institutional Investors (FII), she said that foreign direct investment (FDI) is more stable than FII because FII make investment for the time being. "As long as they get benefit they will stay. Currently, the US economy is turning around; so FIIs are shifting their investment from India to US. In this perspective, there is need to put focus on FDI in place of FII."