Friday, July 27, 2012

RBI’s sovereign debt management can help monetary policy

There is no conflict of interest in the Reserve Bank of India managing government borrowings and it does not lead to rate manipulation in favour of the Centre, a research paper by the RBI has said. "We feel there might be a confluence of interest between sovereign debt management and monetary policy, both helping each other, especially in extraordinary circumstances such as the recent global crisis ," said the research paper, jointly authored by Sunil Kumar and NRVVMK Rajendra Kumar of RBI's Internal Debt  Management Department...................

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