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Governor Das might not need to ‘rock the boat’ as he approaches the shore, but it surely’s nonetheless a liquidity flood on the market.
Synopsis
Nearly each Reserve Financial institution of India governor has had his better of occasions and worst of occasions on the Mint Highway. However few suffered such misfortune as Duvvuri Subbarao did. He marched to international central bankers’ beat to open the liquidity faucet and slash rates of interest after Lehman Brothers imploded in 2008.
Mumbai: Nearly each Reserve Financial institution of India governor has had his better of occasions and worst of occasions on the Mint Highway. However few suffered such misfortune as Duvvuri Subbarao did. He marched to international central bankers’ beat to open the liquidity faucet and slash rates of interest after Lehman Brothers imploded in 2008.
Come March 2020, the state of affairs for Shaktikanta Das was no completely different with the pandemic resulting in convulsions within the monetary markets and the
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