Ajay wont rising rates also cause more inflows and thus only work to counter inflation if the Rupee is allowed to float? In the current strategy of sterilization, how would this work?
Never mind, I just saw your article in the Financial Express
Please note: Comments are moderated; I will delete comments that misbehave. The rules are as follows. Only civilised conversation is permitted on this blog. Criticising me is perfectly okay; uncivilised language is not. I delete any comment which is spam, has personal attacks against anyone, or uses foul language.Please note: LaTeX mathematics works. This means that if you want to say $10 you have to say \$10.