The
Reserve Bank of India (RBI) is trying to prop up a battered rupee by
curtailing the funds that banks can lend one another. The chairman of
India’s largest bank, the State Bank of India, Pratip Chaudhuri, feels
this is a roundabout way to choke liquidity: the RBI, he says, could
simply have hiked the repo rate, at which the central bank lends to
banks. He is correct................
Read - ET
Read - ET
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