There is no method to RBI’s madness4 min read 22 Jul 2013, 09:36 AM IST
RBI’s liquidity measures have failed as everyone in the govt harps on one thing—they are temporary
Utter confusion and chaos have gripped the Indian money market over the past one week. There could be two explanations for this. One, the Reserve Bank of India (RBI) does not know what it wants and, two, it’s well aware of what it wants but the government does not want the central bank to have its way.
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