Long-Term Rates More Important: Montek Singh
  • Prabha Hegde
  • Aug 12 2013

August 12: “While forex rates should reflect market conditions, the RBI needed to step in to stabilise the rupee,” says Montek Singh Ahluwalia, Deputy Chairman at the Planning Commission. “Rates could have trended lower if not for the Bernanke effect,” he says, adding that India’s medium-term fiscal trajectory is completely sustainable.