The government is to come with steps to attract inflows of foreign exchange in a week or 10 days. This was stated by Financial Services Secretary Rajiv Takru in Mumbai today after a meeting of top bankers chaired by Finance Minister Chidambaram. He said all measures to attract fund flows are under consideration.

Takru, however did not disclose details about the nature of the measures — whether they would be a sovereign bond issue, NRI bonds or a quasi-sovereign mode of debt raising. He said Foreign Institutional Investors have sought certain explanations, which the Finance Minister gave them. Takru said several suggestions came up during the meeting with banks.

Chidambaram held the closed-door meeting with top bankers and also met foreign institutional investors, whose money is key to funding Curerent Account Deficit.