Have Poor Fin, Macro Eco Policy In India: Ajay Shah
  • Saba Ashraf
  • Aug 16 2013

August 16: On Wednesday, RBI announced capital controls but has been unable to arrest the rupee’s slide. Meanwhile, its currency measures have led to collateral damage across markets, especially the banking sector. Continued outflows are attributed to both Indian economic concerns and the timing of US Fed’s quantitative easing tapering. Bloomberg TV India speaks to NIPFP Senior Fellow Ajay Shah on the validity of RBI’s new moves.