Rates Not Only Factor Hindering Investments, Growth: AV Rajwade
  • Elizabeth George
  • Sep 27 2013

September 27: A.V. Rajwade, Forex and Treasury Management Consultant, says, “There is a much better balance in currency demand and supply, which is why we’re seeing some stability near 62 levels.” Referring to RBI’s intent to use CPI as a guide, he says core inflation ignores fuel and food price rises, which is the main reason for India’s high inflation. “It’s the availability, not cost, of money and regulatory hurdles that curb investment and growth,” he adds.