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HomeNewsOpinionEvery RBI governor has a pet interest rate theory

Every RBI governor has a pet interest rate theory

Rajrishi Singhal   •

Typically, banks tend to be prompt in raising rates during a tightening phase but fail to display the same alacrity when interest rates are moving south  

Almost all RBI governors have introduced a new methodology for calculating lending rates, only for the next governor to come in and introduce another one

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