The Reserve Bank of India–Between a Rock and a Hard Place, Higher Yields & Higher NPAs Forthcoming?
Follow Antya Investments The Reserve Bank of India upheld the status-quo by maintaining the liquidity adjustment facility rate at 6%. However, the vote was not unanimous, with one member on the committee voting for an increase to 6.25%. The tone of the monetary policy statement is cautious, and given tightening global credit conditions, if rates […]