OMC Window Will Slowly Be Tapered: Raghuram Rajan
  • Elizabeth George
  • Sep 20 2013

September 20: RBI Governor Raghuram Rajan says by reducing MSF and hiking repo rates, we have reduced banks' cost of borrowing. We’re confident of financing this year's CAD without drawdown on reserves and we could even see an accretion to reserves, he says. The OMC window will slowly be tapered based on currency and market conditions, he says, clarifying that all central bank worry about inflation and growth, with emphasis changing according to the situation.