Do Recent RBI Moves Signal Reversal In Policy Stance?
  • Elizabeth George
  • Jul 24 2013

July 24: The RBI had called its recent measures temporary, but the follow-up moves raise questions about the government and central bank showing a reversal in policy stance. DBS Bank’s Radhika Rao and HDFC Bank’s Ajay Marwaha say the RBI’s bias now seems against lowering rates any more, which removes the possibility of spurring growth through monetary policy.