RBI Barking Up The Wrong Tree: S Narayan
  • Gaurav Sarkar
  • Aug 20 2013

August 20: Former Finance Secretary S Narayan states that demand can’t be compressed by compressing supply and that by doing so, the RBI is putting more pressure on the rupee. He terms the central bank’s steps are being counter productive and expects to see a further weakness in the rupee. He also advises investors to expect more stress on CAD.