Saturday, September 21, 2013

Fed's decision provides breathing room for India: Subir Gokarn

.........Do you have any advice for the new RBI governor Raghuram Rajan?
No, I don't give advice to anybody in the public domain. But if people like to ask they will.
But what would you like to see him do?

The problems are well known, (such as) the limitations of (our) monetary policy and its ability to influence things. They are all very well aware of what they need to do and I wouldn't presume to give any advice at this moment.

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