As stocks and rupee hit new lows, RBI Governor Raghuram Rajan has said the country is in a better position relative to many other economies.Speaking in Mumbai today he reassured markets that macroeconomic factors are under control. The RBI Governor said country has forex reserves of 380 billion US Dollars. Mr. Rajan also hinted at lowering rates as market rout gathers speed.
News On AIR | August 24, 2015 11:39 AM
RBI Governor hints at lowering rates as market rout gathers speed