Friday, 24 January 2014

Proposed RBI policy rate seen reducing money market swings.

The panel suggested monetary policy should be decided by a committee, as opposed to the central bank governor as it is now, and a two-phased change eventually resulting in the 14-day rate for repurchase agreements becoming the main operating rate.

http://www.moneycontrol.com/news/economy/proposed-rbi-policy-rate-seen-reducing-money-market-swings_1030997.html

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