deepakraam
Par 100 posts (V.I.P)
RBI is the monetary governing body for India.They are controlling the FII
inflows/outflows,currency fluctations.They are the controllers of the banks.In recent times I could see RBI has stepped in at many places and has taken controlling measures.They are still taking a heavy hand in controlling the rising rupee against dollar.They are also controlling inflation by flushing out the excess liquidity from the banks.They are also buying dollars to balance the sudden rupee inflow.I would say they have maintained inflation less than 4% when the economic growth is 8%.Even they are also working towards capital account convertibility.There are some glitches in the IPOs and money laundering in stock markets but RBI is doing good in managing the Indian economy.
What do you think?
-Deepak.
inflows/outflows,currency fluctations.They are the controllers of the banks.In recent times I could see RBI has stepped in at many places and has taken controlling measures.They are still taking a heavy hand in controlling the rising rupee against dollar.They are also controlling inflation by flushing out the excess liquidity from the banks.They are also buying dollars to balance the sudden rupee inflow.I would say they have maintained inflation less than 4% when the economic growth is 8%.Even they are also working towards capital account convertibility.There are some glitches in the IPOs and money laundering in stock markets but RBI is doing good in managing the Indian economy.
What do you think?
-Deepak.