Under Dr. Rajan, the Reserve Bank of India (RBI) has been averse to loosening the strings on money supply, which is tied to decisions on policy interest rates, Jefferies analysts observe. Nilesh Jasani and colleagues said in their April 21 research note titled “India Equity Strategy-Is Dr Rajan Changing?” that Dr. Rajan is more eager to trim interest rates now than at any other point during his stint in office since mid-2013. Dr. Rajan had a clear goal of inflation control Jasani and team note that since the arrival of Dr. Rajan in mid-2013, the stated, primary objective of the RBI…
Reserve Bank Of India Averse To Loosening Strings On Money Supply: Jefferies
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports