ECB flows under both the automatic and approval routes are moderated by interest rate ceilings (a price variable) and those under the automatic route through an additional ceiling on total quantity (a quantity variable). Non-Resident Indians (NRI) deposits are monitored through an interest rate ceiling, a price variable.
Behavior of Reserve Bank’s balance sheet For India, the size of central bank assets (as a percentage of GDP) increased between end 2001 and end 2007 but declined thereafter during the crisis period.