How Will RBI's Move To Stem Rupee Fall Impact The Eco?
  • Nikita Setia
  • Jul 16 2013

RBI has raised money-market rates by 2 percentage points and plans to drain $2 billion through bond purchases. Neeraj Gambhir, MD & Co-Head of Fixed Income at Nomura India, shares the market’s take on these measures. He points out that while RBI’s decision hinders chances of further policy moves, we may see more action if the rupee doesn’t respond to these measures.