Key upside risks include additional wage adjustments; pending petitions for adjustments in transport fares and electricity rates; faster-than-expected monetary policy normalization in advanced economies; and the proposed increase in the NFA’s buying price of rice from farmers.
The nature of these flows has changed, from being primarily equity inflows (turning  5  IMF, The United States: Spillover Report, 2011 Article IV consultation, IMF Country Report no 11/203.