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RBI must let rupee depreciate; use liquidity tools, not rate hikes, to curtail inflation: Duvvuri Subbarao
Former RBI Governor Duvvuri Subbarao has advised the RBI to allow some rupee depreciation to counter external pressures. He has suggested using liquidity measures instead of rate hikes if inflation risks rise. Subbarao has emphasised that monetary policy should be a last resort for exchange rate defence.
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thehindubusinessline.com
Inflation targeting framework should have included ‘exchange rate stability’ clause: Former RBI Governor Subbarao
Former RBI Governor Subbarao advocates for including "exchange rate stability" in India's inflation targeting framework for effective monetary policy.
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economictimes.indiatimes.com
RBI must let rupee depreciate; use liquidity tools, not rate hikes, to curtail inflation: Duvvuri Subbarao
Former RBI Governor Duvvuri Subbarao has advised the RBI to allow some rupee depreciation to counter external pressures. He has suggested using liquidity measures instead of rate…
