Monday, September 23, 2013

Difficult to understand Raghuram Rajan's first monetary policy

......No one expected a reduction in repo rates, not yet. Incidentally, some banks have announced increases in rates (lending and deposit) before RBI’s mid-quarter review. But an increase in the repo rate? I don’t understand it. RBI is certainly privy to much more information than is there in the public domain...................

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