In Diplomacy at Home, Govt Set to Repair Ties with RBI
......The
government is moving to improve its relations with financial
regulators, particularly the central bank, ahead of a possible
coordinated effort to stem the rupee’s slide. There is concern that
public airing of differences by policymakers is hurting management of
the economy at a time the currency is plumbing new depths. One measure
being considered is to appoint a senior official in the finance ministry
to work closely with the regulators. The initiative to fix the
working relationship between the finance ministry and regulators comes
amid a growing feeling at the top levels of the government and RBI that
concerted action is needed to stop the slide of the rupee,.................
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