Risks To Growth Have Increased: RBI
  • Elizabeth George
  • Jul 30 2013

July 30: While keeping repo rates and CRR unchanged, the RBI says it will withdraw tightening as rupee steadies. The central bank is worried about the macroeconomic situation, says Ajay Mahajan, Managing Partner at R-Square Advisors. “The need to help rupee shows RBI is in an ‘impossible trinity trilemma’,” he adds.