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RBI GOVERNOR - Sufficient Flexibility To Move Policy Rate In Either Direction RBI GOVERNOR - Shift In Stance To Help Ensure That Inflation Brought Closer To 4% Aim

RBI Policy Is Liquidity Accretive Overall: Bhanu Baweja

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September 23: UBS’ Bhanu Baweja says RBI Governor Raghuram Rajan has always said India needs higher real interest rates to boost savings rates and support the CAD. So his move is consistent with this stand, he says, adding that the market reaction was a give back of excessive enthusiasm after Rajan’s first speech. “The governor has made it clear that if inflation expectations do not come off, repo rate will not come off,” he warns.