8% GDP growth for India will take tough decision, time: IMF
Papi said capital inflows have strengthened in the last six months or so.
"We have noticed that they've responded to domestic developments. There has also been an increase in response to global liquidity conditions.
But in the last year or so we have not seen in India capital inflows that are creating problems from a monetary policy perspective," she said.
"Indeed, the RBI has very seldom intervened by buying dollars in the last year or so. The few interventions that have taken place have been the other way around, so selling dollars," Papi said.