Need Combined Monetary And Fiscal Action: Aditya Puri
  • Elizabeth George
  • Sep 16 2013

September 16: RBI Governor Raghuram Rajan cheered markets but his actions are only one cause of optimism, says Aditya Puri of HDFC Bank. Rajan addressed rupee and liquidity concerns and spoke about meaningful financial inclusion, but RBI's liquidity tightening measures to curb the rupee fall has been defeated. “The tight liquidity situation is hurting sentiment more than the system,” he adds.