Another View on Indian Monetary Policy

Andy Mukherjee of Bloomberg also notes the inexplicability of some aspects of the RBI’s policymaking, including the spread between the repo rate and reverse repo rate. He rather mildly complains about the lack of transparency, and notes some of the volatility that has resulted from surprises and suddenness.

See http://www.bloomberg.com/apps/news?pid=20601039&refer=columnist_mukherjee&sid=aVW.pKYlxjVU