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RBI Keen To Fight Fund Flight After Taper: TT Ram Mohan

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September 24: T.T. Ram Mohan, Professor at IIM-Ahmedabad, says the net effect of the RBI policy is an increase in cost of funds for banks, while the cost of borrowing from the RBI falls. Monetary policy has been positioned as anti-inflation, but the RBI’s objective is to make G-Secs more attractive for foreign investors, he says. “The RBI is worried about global developments and is positioning the economy to face impending outflows due to the taper,” he adds.