...........“These measures
have had a restraining effect on volatility with a concomitant
stabilising effect on the exchange rate,” RBI said. “Based on a review
of the measures, and an assessment of the liquidity and overall market
conditions, it has been decided to modify the liquidity tightening
measures.” But the measures will also impact the government’s borrowing
costs and strain the already stretched fiscal further. The interest rate
increases this time are not like in 1998 when Governor Bimal Jalan
shocked raising repo, bank rate and CRR..............
The very purpose of VITALINFO is to provide a platform for wider dissemination of updated information related to and happening of events in and around RBI.
No comments:
Post a Comment