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NEWSFLASH : Gujarat Cadre IAS Tapan Ray Appointed As Secretary, Economic Affairs

RBI’s Currency Defence Vs. Inflation Fight

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September 24: Neeraj Gambhir, MD & Co-Head of Fixed Income India at Nomura, says the new RBI governor has clearly said he wants to move from the external value of rupee to internal value of rupee. “At some point in time, the RBI will move from a pure currency defense to focusing on the entire story around inflation versus growth,” he says, adding that it’s been made clear that a large part of the central bank’s focus now has to be inflation management.