RBI Seriously Concerned About Rupee Stability: TT Ram Mohan
  • Elizabeth George
  • Sep 24 2013

September 24: T.T. Ram Mohan, Professor of Finance and Accounting at IIM-Ahmedabad, says the RBI's policy was more about currency defence than fighting inflation. “We’re likely to see rupee gain to 60 per dollar with inflows coming in through FCNRB and foreign currency borrowing,” he says, while pointing out that this policy tweaking is not very effective in fighting food-driven inflation.