Repos co-founder Aditi Bhosale Walunj recalled, "The next day we reached Ratan Tata's house at 10.45 am at his house and waited for him in the living room with our presentation. And sharp at 11 am a tall, fair person with a blue shirt walked towards us...
The Reserve Bank of India has recommended that investors should look at the voluntary retention route rather than expect its rules to be relaxed
The new grammar of liquidity proposed by RBI is a challenge for itself as it now needs to demonstrate the same dexterity in its liquidity stance which can tougher as forecasts of currency withdrawal by the public, of dollar flows, and of government‘s unspent cash surplus can at best be approximate, says Latha Venkatesh of CNBC-TV18.
RBI's open market operations wouldn't be flooding the system with excess money. The policy is a big structural change, says Hitendra Dave, Head Of Global Banking & Markets, HSBC India.
HR Khan's comments, at an event organised by the Federation of Indian Chambers of Commerce & Industry (FICCI), come as the central bank has unveiled new debt initiatives this year, including the introduction of a 40-year bond and raising debt investment limits for foreign investors.