A week back I shared the RBI and research analyst conference, I am sharing the status from one of my professor Stop blaming RBI! MMS, PC and gang are doing the DAMAGE. Blaming RBI for the rupee falling is like saying ‘the mirror is making me look fat’ – its your diet, bumbo, not the mirror. The Rupee is reflecting the government’s mis-governance, not RBI’s mistakes. Welcome Raghuram Rajan you theoretically have 15 years in which to do something.
RBI addressed four major risk in its latest policy,and biggest and the first risk factor stems from our vulnerability in the external sector, in particular sudden stop and reversal of capital flows that we saw over the last 10 weeks. Continue reading “Rupee @62 Stop blaming the RBI”