Rajan Has Space To Unwind Measures: Gita Gopinath
  • Elizabeth George
  • Sep 20 2013

September 20: Gita Gopinath, Professor of Economics at Harvard University, says RBI Governor Raghunath Rajan now has the space to unwind the measures taken to strengthen the currency and he may roll them back fully. However, he may not do much on repo rate; he has reason to reduce rates on growth but inflation will not let him do much, she says. Rajan has been clear on his inflation focus so he will be cautious on reducing rates, she adds.