After four decades, we are set to face an unfamiliar interest-rate cycle, said the founder-editor of Grant’s Interest Rate Observer
Sanju Verma, CEO, Violet Arc Global believes no governor can tackle both inflation and exchange rate at the same time and Raghuram Rajan is trying to do just that. "If governor doesn‘t want the rupee to appreciate any further then he will have to allow inflation to rise or vice-versa."
In an interview on CNBC-TV18, Robert Prior-Wandesforde, head of India & South East Asia Economics at Credit Suisse says the focus has now shifted to the RBI's July 26 credit policy which has the apex bank worried about the manufacturing ex-food component which is now running at above 7%.