C P CHANDRADSEKHAR-Frontline

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The Bombay Stock Exchange Sensex display board at Churchgate railway station in Mumbai. The Reserve Bank of India has now chosen to distance itself from the view that a rising Sensex delivers.-PAUL NORONHA

Too much for comfort

The Reserve Bank of India, in its Report on Currency and Finance 2003-04, cautions that if not managed appropriately the surge in capital inflows into

C.P. CHANDRADSEKHAR