Friday, July 19, 2013

RBI move bad for industry, hopes quick reversal: Naina Lal Kidwai

......."The other side of it is that it makes liquidity tight which means access to funds becomes harder which is RBI's intention. Hence, it is de-facto interest rate rise without being an interest rate rise," she said. "So, to that extent its not good for the industry. So, I hope it does not stay forever," she said, adding, the steps are temporary in nature.......

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