RBI Won’t Be In A Hurry To Roll Back Measures: RBS
  • Prabha Hegde
  • Aug 01 2013

August 1: RBI says its liquidity tightening measures will be withdrawn once the rupee steadies. Bloomberg TV India asks RBS Senior Economist Gaurav Kapur about the possibility of a roll-back if the currency doesn’t stabilise in the near term. “Growth will suffer on account of higher interest rates,” he says, adding that steps to attract foreign capital flows will help revive the investment cycle.