Raghuram Rajan is not cutting rates as the flood of easy dollars is temporary & excess rupees will increase dollar rate

Fighting inflation is rarely the main reason. Taxes, oil prices and commodity export prices determine inflation.

It’s exchange rate that threatens to collapse.

At the slightest impression of money printing by Fed slowing down there is almost universal fear of a meltdown. But it won’t last.

SCREENSHOT-Rajan-cannot-cut-rates-why

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