Repo Rate Hike Not Growth-Negative: Raghuram Rajan
  • Elizabeth George
  • Sep 20 2013

September 20: We have seen a positive measure by SEBI to open bond markets by eliminating the auction limit, RBI Governor Raghuram Rajan says, adding that they will talk to international index agencies on bond markets. We should not celebrate tapering delays too early and lose our chance to put our house in order, he says. There are many factors that are positive for growth, so one should not overestimate the negative effect of a 25 bps repo rate hike to combat inflation, he adds.