Finance
Problem LalSubbarao ki advice: RBI ko thoda chill maarna chahiye!
Arre bhai, suno! Former RBI chief Subbarao bolta hai ki RBI ko thoda chill maarna chahiye! Rupee ko thoda kamzor hone do, samjhe? Imports ki cost badh rahi hai aur humara rupee toh bas girta hi ja raha hai! Lagta hai, Daya ke garbe se zyada energy chahiye is market ko sambhalne ke liye. Waise, yeh RBI wale bhi kabhi kabhi samajh nahi paate, lagta hai mujhe bhi unki tarah samjhna padega!
few days ago | Bloomberg
Quick rundown
1.RBI urged to ease currency intervention.
2.Subbarao suggests letting the rupee weaken.
3.India's rupee hit by oil import costs.
4.RBI's recent curbs only briefly helped.
5.Interest rate hikes seen as last resort.
