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November 26, 2018

Central bank bows to pressure from Narendra Modi sending INR rising

This Express article quotes Resident Senior Fellow Vivek Dehejia. Excerpts:

 

"Following a mammoth nine-hour meeting with board directors, the Reserve Bank of India (RBI) announced it will work together with the government with a set of new fiscal strategies... 

 

Vivek Dehejia, a fellow at the IDFC Institute, said the government “is pretty much getting everything it wanted”. He said: “It looks like the government is really turning the screws and they'll get their way one way or the other.”

 

Read the full article here.

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