The dollar deluge that RBI is faced with has also hauled in a new tide of woes
· livemint.com
Despite India’s Reserve Bank ending its scheme for FCNR(B) deposits a month ahead of schedule, the dollar inflows it sought topped $127.2 billion. If RBI now finds itself between a rock and a hard place, it is largely on account of its own errors of judgement.
Mythili Bhusnurmath
Mythili Bhusnurmath is an economist-turned-banker-turned journalist. She became the first woman editor of a major financial daily, Financia...