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Should RBI to initiate interest rate cut now ? Or wait for some more time ?

Created by : Mukund Sharma, Treasury Operations Manager, Bank  | 10 12 2008 17:19:45 +0000
Industry : BankingFunctional Area : India(Markets)
Keywords : Time RBI Cut Interest Rate Wait Initiate
Activity:  100 views;  last activity : 07 06 2010 20:18:09 +0000
 
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Yes, It should not wait more. Vs No, RBI may wait for another quarter.
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Well, the turmoil in global financial markets has touched our economy too and events of the past two weeks were really disturbing. The extremely tight liquidity, higher cost of borrowings for almost all segments and sharply depreciating Rupee against USD has caused RBI to step in and announce CRR cut. However, when globally central banks have cut the rates, the time has come for our economy too to compliment  CRR cut with Interest rate cut too for resolving the existing crisis.
By Mukund Sharma, Treasury Operations Manager, Bank  | 10 12 2008 17:19:45 +0000
Argue for "Yes, It should not wait more."
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