................It is obvious that these changes reflect the views of the new man at the helm of the RBI. When Raghuram Rajan took over the reins of the RBI in September, he took a dig at the prevailing mindset on Mint Street by saying, “We cannot create depth by banning position taking or mandating trading based only on well-defined ‘legitimate’ needs.” If only those with these legitimate needs — read hedgers — were allowed into the market, there would be no trading activity at all. In the absence of traders, volumes are hurt and that in turn impacts price discovery. The RBI governor’s distaste for the restrictive attitude of regulators and preference for free markets is evident in............
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