RBI in its report on macroeconomic and monetary development said that defending rupee is top priority and interest rate easing must wait. the priority for monetary policy now is to restore stability in the currency market so that macro financial conditions remain supportive of growth. the strategy will succeed only if reinforced by structural reforms to reduce the current account deficit. following the sharp depreciation of the rupee in june july 2013 RBI had announced a host of measures to improve inflows m.facebook/messages/send/?icm=1&refid=12
Posted on: Tue, 30 Jul 2013 10:13:16 +0000
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