Nevertheless, headwinds to growth from domestic constraints continue to pose downside risks, and vulnerabilities in India’s external sector, though mitigated, have not totally disappeared.
8  10  Beginning in July 2014 (fifth round of tapering), the Fed will add to its holdings of agency mortgage-backed securities at a pace of $ billion per month rather than $ billion per month, and will add to its holdings of longer-term Treasury securities at a pace of $ billion per month rather than $ billion per month.