RBI Move Not A Rate Signal: Yes Bank
  • Saba Ashraf
  • Jul 18 2013

July 18, 2013: Bloomberg TV India asks Rajat Monga, CFO at Yes Bank, what banks make of RBI’s decision to hike two money-market rates by 2 percentage points and drain $2 billion through bond purchases. Monga opines that the move will not have an impact on liquidity and should not be seen as a rate signal.