The prices of non-food manufactured products, which the RBI views as a reflection of demand pressures, began to rise noticeably in early 2010, but saw their rate of increase stabilize and even moderate somewhat in the third quarter of 2010–11.
Concluding comments Small countries are not represented in the main Basel regulatory committees, the Financial Stability Board, or the membership of the G20. Nor do they have global banks. But they do follow the Basel debates carefully through their relationships in the regulatory community.