India's central bank needs to have another look at the way in which it intervenes in the currency markets because its recent dollar sales haven't been able to stop the rupee's slide, a senior economist said Wednesday. "Intervention is a legitimate instrument, but the Reserve Bank of India didn't do it the right way," said Jahangir Aziz, J.P. Morgan senior Asia economist. "The RBI could have intervened in a more strategic manner when the market was willing to accept it as a signal that the RBI is coming out and defending the currency."...................
Read...........
Read...........
No comments:
Post a Comment