Rupee Disease: RBI Moves May Not Be Right Prescription
  • Elizabeth George
  • Jul 24 2013

July 24: The RBI has unleashed a fresh set of measures to curb liquidity further and support the currency. We ask DBS Bank’s Radhika Rao and HDFC Bank’s Ajay Marwaha whether these measures will work. Rao says, “Rupee has stabilised but not just because of the measures but also because of global developments.” On the other hand, Marwaha says that while the measures will work on funding, yields it may not help the rupee.