BT :Jyotindra Dubey : September 21, 2013 | 12:37 IST
RBI governor Raghuram Rajan's first monetary policy review may not have gone down well with the equity and currency markets, but his post-policy press conference showed a side that is unusual for governors.
Perhaps the academic in him likes to call a spade a space.
Or because he wanted to project a persona comfortable with on all things monetary.
Here are four instances of straight-of-the-bat responses by India's youngest RBI governor:
-On CRR/ Daily CRR maintenance by banks: Let me emphasize that this (CRR issue) is peanuts in the larger scheme of things, so the amount of attention which has gone to this particular issue I think is unwarranted.
-On when asked he'd be comfortable in answering in Hindi: I made a promise that I will do a full fledged interview in Hindi a year from now, but given where market conditions are , I would prefer English.
-On the prospect of QE tapering: How many times should we prepare for tapering… Isn't once enough… I am going to stop anticipating tapering at this point and look at fixing what we need to fix here.
- On asset bubbles building up due to easy money policy in the US: To some extent all investment is an act of speculation.
-On CRR/ Daily CRR maintenance by banks: Let me emphasize that this (CRR issue) is peanuts in the larger scheme of things, so the amount of attention which has gone to this particular issue I think is unwarranted.
-On when asked he'd be comfortable in answering in Hindi: I made a promise that I will do a full fledged interview in Hindi a year from now, but given where market conditions are , I would prefer English.
-On the prospect of QE tapering: How many times should we prepare for tapering… Isn't once enough… I am going to stop anticipating tapering at this point and look at fixing what we need to fix here.
- On asset bubbles building up due to easy money policy in the US: To some extent all investment is an act of speculation.
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