Measures to woo capital back - Cabraal
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Sri Lanka, Sept. 15 -- State Minister of Money & Capital Market and State Enterprise Reforms Ajith Nivard Cabraal suggested that the currency would appreciate. He suggested that the current levels were below par.
Cabraal said, "very soon an announcement will be made about a special attraction that would be done to woo the capital back. We take some of the uncertainties of the depreciation of the rupee away from them so that they can focus on the normal yield. If you give them too many risks they will shy away."
Cabraal said, "This is the first time that we are entrusting a special minister to the functioning of capital markets. The government is keen that these markets are robust. We have begun to understand how important it is to have ...
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