Jammu, June 6 -- Governor Sanjay Malhotra continues repo rate cut trend with gusto
By Anjan Roy
The new governor of the Reserve Bank, Sanjay Malhotra, has taken to monetary policy formulation and the world of finance like fish to water. Within a short period of his taking over, Malhotra has got into his charge with a refreshing confidence.
RBI's monetary policy, announced on Friday June 6, is surprisingly breezy and introduces a reset policy with aplomb. He says he has worked on the basis of a 5x3x3 matrix. That starts on a new and quite optimistic note.
He states: "This 5x3x3 matrix of fundamentals provides the necessary core strength to cushion the Indian economy against global spillovers and propel it to grow at a faster pace."
The ...