Economy
6 top things in Raghuram Rajan's mind right now
PTIRBI governor Raghuram Rajan
8 Jun, 2016
Text: TNN
With three months to go before his current term ends, RBI governor Raghuram Rajan remained non-committal on his future plans.
The governor, who took charge at a time of forex volatility in 2013, warned of dollar shortage as some banks with whom the central bank had contracts to buy dollars had failed to stock up on the greenbacks.
While banks are being penalized by being forced to buy the dollars at higher price in the markets, the RBI would ensure liquidity in rupee funds, Rajan assured.
With three months to go before his current term ends, RBI governor Raghuram Rajan remained non-committal on his future plans.
The governor, who took charge at a time of forex volatility in 2013, warned of dollar shortage as some banks with whom the central bank had contracts to buy dollars had failed to stock up on the greenbacks.
While banks are being penalized by being forced to buy the dollars at higher price in the markets, the RBI would ensure liquidity in rupee funds, Rajan assured.
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very very nice slide show
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good article
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monetary policy committee takes away the veto power of the Reserve Bank''s governor
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Let us wait watch future moments.
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Wants to wait n watch.
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