The New Nation - Internet Edition

PTI, Washington

International Monetary Fund yesterday advised India against putting any restrictions on capital inflows in the face of appreciating rupee, saying any such move may undermine confidence of foreign investors on the Indian economy. "It has been said or asked or written that India should implement some limits to the capital inflows. The problem with this kind of thing is that it may undermine confidence on the Indian economy.

It would certainly have influence on capital inflows but not always a good influence," IMF new managing director Dominique Strauss-Kahn told reporters.