India wants a V-shaped recovery at any cost, the pressure now is on Shaktikanta Das

By creating a rupee glut, the central bank has delivered the equivalent of an additional 1.25 percentage points in rate cuts — by stealth. That extends a 2.5-percentage-point reduction since February 2019, with 1.15 points coming after the pandemic hit.

from News-Economic Times https://ift.tt/3akBaXh