....There is little RBI can do about those. Debt flows respond to differences in the domestic and foreign interest rates. Cutting rates at this juncture would make India a less attractive destination for debt flows. From RBI’s point of view, if it wishes to pursue the stability of the rupee as an objective of monetary policy, cutting interest rates could increase the pressure on the rupee to depreciate.....
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment