RBI Liquidity Tightening Measures Backfire
  • Nikita Setia
  • Jul 22 2013

A week after the RBI’s liquidity tightening measures, Bloomberg TV India examines the impact and collateral damage. The rupee soon headed back to 60 and FIIs pulled money out of markets, which prompted both the Prime Minister and Finance Minister to offer clarifications on the central bank’s measures. We review the current government stand, evaluate the impact on money markets and offer some expert views on the RBI move in this segment of Big Story.