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World Braces for Next Financial "Storm"; Bail-in Bonds sold to Consumers

An unnamed official at India's central bank, the Reserve Bank of India, told Reuters that the country fully expected to be hit again by capital flight and chaos in the international financial markets, as had happened a few years ago. "We need to prepare ourselves against any kind of storm that is going to come up," he stated, including both bolstering foreign exchange reserves and putting protections measures in place, including various forms of capital controls. - Read more.