The Reserve Bank of India's (RBI's) in-house rule for setting interest rates is a secret sauce in desperate need of a new recipe. The ingredients for the rate-setting formula are not known. But a Breakingviews examination of India's call-money rates, inflation and gross domestic product (GDP) over the past 13 years shows that the central bank has historically placed a rather low emphasis on taming inflation, while fretting more about output slumps and currency swings.............
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